India’s auto component industry grows 12.7% in FY26
India’s automotive component industry recorded a turnover of ₹7.60 lakh crore (USD 85.9 billion) in FY2025-26, registering a 12.7% year-on-year growth, driven by strong domestic vehicle production, steady export demand and continued investments in manufacturing capacity and technology, according to the latest industry performance review released by the Automotive Component Manufacturers Association of India (ACMA).
The report highlights that the industry has more than doubled in size over the past five years, growing at a compound annual growth rate (CAGR) of 17% between FY2021 and FY2026, reinforcing India’s position as an increasingly competitive global automotive manufacturing hub.
Supplies to original equipment manufacturers (OEMs) grew 16.3% to ₹6.63 lakh crore (USD 75 billion), supported by higher vehicle production across segments. The aftermarket business also expanded 9% to ₹1.08 lakh crore (USD 12.3 billion), reflecting a growing vehicle population and increased formalisation of the repair and maintenance ecosystem.
Exports rose 5% to...
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