India’s auto component industry recorded ₹3.32 lakh crore turnover in H1 FY2024-25, growing 11.3 per cent year-on-year, with strong contributions from OEM supplies, exports, and the aftermarket
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Advancements in semiconductor and lithium-ion battery production will cut imports, drive job creation, and boost GST revenue, said Nitin Gadkari, Union Minister of Road Transport & Highways
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Auto component Aftermarket grows 10 per cent to Rs. 93,886 crore (USD 11.3 billion) and supply to EVs (Electric Vehicles) account for 6 per cent of Auto Components Industry turnover
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