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Auto Components Industry in India

Auto Components Industry in India
   
  • Revenues have risen from US$ 26.5 billion in FY08 to US$ 43.5 billion in FY17 at a CAGR of 5.66 per cent during FY08-17.
  • The market size for auto component sector increased by 11.5 per cent reaching to US$ 43.5 billion in FY17 from US$ 39 billion in FY16.
  • As per Automobile Component Manufacturers Association (ACMA) forecasts, automobile component exports from India are expected to reach US$ 70-billion by 2026 from US$ 10.9 billion in FY17. The Indian auto component industry aims to achieve US$ 200 billion in revenues by 2026.
  • The industry is expected to post a 13-15 per cent growth rate in FY18, on the back of robust growth in domestic passenger vehicle, commercial vehicle, tractor and two-wheeler segments.^
The Indian auto-components industry is expected to register a turnover of US$ 100 billion by 2020.

'Auto component industry to grow at 10-12% CAGR in long term'

'Auto component industry to grow at 10-12% CAGR in long term'
   
Riding strong volume growth across automotive segments, especially in the automotive original equipment (OE) manufacturers, the Indian auto component industry grew by 13 per cent during FY18, the Icra report said.

The auto component industry is likely to grow at 10-12 per cent annually in the long term on rising rural income, higher disposable income and continued infrastructure activity, according to a report.
"We expect a long-term compounded annual growth rate (CAGR) of 10-12 per cent for the industry (auto component). Operating margins for the industry are expected to be strong at 14 per cent for FY19," said Subrata Ray, senior group vice-president, corporate sector ratings, Icra.
Riding strong volume growth across automotive segments, especially in the automotive original equipment (OE) manufacturers, the Indian auto component industry grew by 13 per cent during FY18, the Icra report said.
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