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Uncertainty over rare-earth magnets supply hurting Indian auto industry

According to ICRA, inventories of rare earth magnets may last only until mid-July 2025 for certain automotive applications. It adds that contingency options appear ridden with logistical, regulatory, and engineering complexities.Read more

Indian auto component industry expects 8-10% growth in FY25: Vinnie Mehta

In this interaction with Rakesh Rao, Vinnie Mehta, Director General of Automotive Component Manufacturers Association of India (ACMA), presents his views on the impact of recent global events on Indian auto components industry.Read more

Indian Auto Component Industry grows by 36.1 bn in first-half of FY 2023-24

Automotive Component Manufacturers Association of India announces industry performance review for the first half of fiscal year 2023-24 which shows growth in exports and imports by 2.7 per cent and 3.6 per cent respectively.Read more

Gearing up for Kumbha Mela of machine tools, IMTEX 2023

The year 2022 saw a balanced growth for the industry starting on a high at the start and tapering down a bit in the second half of the year. Read more

Indian auto component industry up by 34.8% in H1 FY23: ACMA

While exports grew by 8.6% to $ 10.1 billion, imports were up by 17.2% to $ 10.1 billion. Read more

India's auto component market up 23% in 2021-22

Indian automotive component industry registered a turnover of Rs 4.20 lakh crore ($ 56.5 billion) in FY 2021-22, registering a growth of 23% over the previous year, according to the findings of Automotive Component Manufacturers Association of India (ACMA). Read more

India's auto component market sees record turnover of Rs 4.2 lakh crore in FY22

With 23% growth in 2021-22, Indian auto component industry clocked highest-ever turnover. Exports grow by 43% and imports by 33% clocking trade-surplus for the first time. Auto component aftermarket grows 15% to Rs 74,203 crore Read more

Indian auto component industry grows 65% in H1 2021-22: ACMA

Auto component manufacturers have now, by and large, recovered and the investment cycle has also commenced, according to Sunjay Kapur, President, Automotive Component Manufacturers Association of India (ACMA).Read more

For the first time India’s auto component exports exceed imports

The industry clocks turnover of Rs 1.19 trillion ($ 15.9 billion) in the first half of 2020-21 (April-September 2020) registering a de-growth of 34%, as per the data released by Automotive Component Manufacturers Association of India (ACMA).Read more

Indian auto component industry de-grows 11.7% in FY 2019-20, clocks Rs 3.49 lakh crore

According to ACMA, sales to OEMs declined 17 per cent, imports by 11.4 per cent and exports by 3.2 per cent. On the other hand, auto component aftermarket at Rs 69,381 crore ($ 9.8 billion) remained stable. Industry cautiously optimistic as green shoots emergeRead more

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