Indian Auto Component Industry grows 65% to ₹1.96 lakh crore in first-half of 2021-22

By OEM Update Editorial December 23, 2021 11:12 am

Most auto component manufacturers are preparing to be part of EV supply chain.

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 first half of fiscal 2021-22. The turnover of the automotive component industry stood at ₹1.96 lakh crore (USD 26.6 billion) for the period April 2021 to September 2021, registering a growth of 65 percent over the first half of the previous year.

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