Indian auto component industry grew 65% to USD26.6 billion y/y in H1 FY 2021: ACMA

Corporate developments

Exports grew by 76% to USD9.3 billion while imports grew by 71% to USD 87 billion

The Indian automotive component industry has registered 65% year-on-year (y/y) growth to USD26.6 billion in the first half of fiscal year (FY) 2021, the Automotive Component Manufacturers Association of India (ACMA) said on 21 December 2021 during an industry performance review conference.

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