Auto component industry grows 11% to Rs 3.32 lakh crore in April-September: ACMA
India's automotive component industry saw 11% growth in the first half of FY24, reaching Rs 3.32 lakh crore. Strong domestic vehicle sales and exports contributed, despite geopolitical challenges impacting freight costs. The industry invested in technology upgrades and localization to meet customer demands, with exports totaling USD 11.1 billion.