+
Turnover of Indian auto component industry at Rs 1.96 lakh crore
AVIATION & AIRPORTS

Turnover of Indian auto component industry at Rs 1.96 lakh crore

The Automotive Component Manufacturers Association of India (ACMA) told the media that the turnover of the industry stood at Rs 1.96 lakh crore during April-September, with 65% growth over the first half (H1) of 2020.

Exports increased by 76% to Rs 68,746 crore in H1 2021-22 from Rs 39,003 crore in H1 2020-21.

President of ACMA, Sunjay Kapur, said that despite a slow offtake in the sales of vehicles in the first quarter (Q1) due to supply issues, the auto component industry witnessed a remarkable turn-around in H1 2021-22.

Europe accounted for 31% of exports, witnessed a growth of 81%, while North America and Asia accounting for 32% and 25%, witnessed 81% and 73% growth, respectively.

Imports increased by 71% from Rs 37,710 crore in H1 2020-21 to Rs 64,310 crore in H1 2021-22.

Asia, with the highest imports of 63%, while Europe and North America with 29% and 7%, respectively. Imports witnessed a steep rise, showing growth in domestic manufacturing.

The aftermarket during H1 2021-22 witnessed 25% growth to Rs 38,895 crore from Rs 31,116 crore in H1 2020-21.

Image Source

The Automotive Component Manufacturers Association of India (ACMA) told the media that the turnover of the industry stood at Rs 1.96 lakh crore during April-September, with 65% growth over the first half (H1) of 2020. Exports increased by 76% to Rs 68,746 crore in H1 2021-22 from Rs 39,003 crore in H1 2020-21. President of ACMA, Sunjay Kapur, said that despite a slow offtake in the sales of vehicles in the first quarter (Q1) due to supply issues, the auto component industry witnessed a remarkable turn-around in H1 2021-22. Europe accounted for 31% of exports, witnessed a growth of 81%, while North America and Asia accounting for 32% and 25%, witnessed 81% and 73% growth, respectively. Imports increased by 71% from Rs 37,710 crore in H1 2020-21 to Rs 64,310 crore in H1 2021-22. Asia, with the highest imports of 63%, while Europe and North America with 29% and 7%, respectively. Imports witnessed a steep rise, showing growth in domestic manufacturing. The aftermarket during H1 2021-22 witnessed 25% growth to Rs 38,895 crore from Rs 31,116 crore in H1 2020-21. Image Source

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code