Indian auto component industry reports turnover of USD45.9 billion in FY 2020–21

Financial results

FY 2020–21 turnover declined 3% y/y on the slowdown reported in vehicle sales over last 2 successive years

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, announced the findings of its industry performance review for the fiscal year (FY) 2020–21 on 3 August.

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