AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA | Car Accessories | African Automotives & Spare Parts Guide - Automart Africa
AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA
The Auto Component industry in India has a strong positive multiplier effect as a key driver of economic growth. Despite a very turbulent year, the industry clocked a turnover of Rs. 2,11,765 crores (USD 35.13 billion) in FY 2013-14, with an impressive CAGR of 14 percent over the last six years. Indian auto components are exported to more than 160 countries and have been growing at 15 percent per annum over the past six years. Components exports stood at Rs 61,487 crores (USD 10.2 billion) in FY 2013-14, accounting for 29 percent of overall industry turnover.
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