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India’s auto component manufacturers are an overjoyed lot these days. At a total turnover of 5.6 lakh crore rupees for the last financial year, growth has been at its highest ever, at an impressive 32.8 per cent.
ACMA also claimed that traction in the domestic market also reflected on imports of component into India. Component imports grew by 10.9 percent in 2022-23 to Rs. 1.63 lakh crore (USD 20.3 billion) from Rs. 1.36 lakh crore (USD 18.3 billion) in 2021-22
A combination of good domestic, exports, and after market sales of automotive components last fiscal resulted in the industry logging a 32.8 per cent growth to Rs.5.60 lakh crore or $ 69.7 billion, said top officials of the Automotive Component ...
ACMA Auto Components Report: The auto component industry's growth in FY23 is attributed to factors like robust vehicle sales, a thriving aftermarket, and steady exports.
Sona BLW Precision Forging to invest Rs 99.7 crore to expand the Chennai plant - Automotive component maker Sona BLW Precision Forgings Ltd ((Sona Comstar) will expand its plant capacity here at an investment of about Rs 99.7...