Auto components industry expected to grow 8-10% in FY27: ACMA
The Indian automotive components industry projects 8-10% growth for FY27, supported by strong domestic demand and infrastructure investment. Despite this, the sector faces headwinds from geopolitical conflicts and a trade deficit in electronics and EV parts.
Why it matters
The auto component sector is a critical pillar of India's manufacturing economy, and its performance reflects broader industrial health.
The Indian automotive components sector is expected to grow around 8-10% in the current fiscal, driven by domestic demand and robust exports despite geopolitical headwinds, industry body ACMA said on Tuesday.
The article relies on industry body data and quotes to provide a balanced economic outlook.
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