ACMA

auto component industry: Auto component industry turnover up 10 pc at Rs 6.14 lakh crore in FY24: ACMA

by
auto component industry: Auto component industry turnover up 10 pc at Rs 6.14 lakh crore in FY24: ACMA

The turnover of the automotive component industry rose by 9.8 per cent year-on-year to Rs 6.14 lakh crore for the fiscal ended March 31, 2024, industry body ACMA said on Thursday. The industry had reported a turnover of Rs 5.59 lakh crore in the 2022-23 financial year. Component supply to OEMs (original equipment manufacturers) in … Read more

Auto component industry looks to invest $7 bn over next 5 years to expand capacity, upgrade tech

by
Auto component industry looks to invest bn over next 5 years to expand capacity, upgrade tech

The auto component industry is looking to invest around USD 6.5 to 7 billion over the next five years on capacity expansion and technology upgradation, with the demand expected to remain robust over the period. The industry, which recorded a 12.6 per cent year-on-year revenue growth in the first half (April-September) of the current fiscal … Read more