AUTO PARTS COMPANIES LOG RECORD SALES OF RS 5.6 LAKH CRORE IN FY23

The auto industry is on a roll. The automotive component industry has hit an all-time high turnover of nearly $70 billion (Rs 5.6 lakh crore) FY22-23, registering a growth of nearly 33% year-on-year. According to latest data from industry apex body Automotive Component Manufacturers Association of India (ACMA), this has outpaced its former peak performance of Rs 4.2 lakh crore turnover in FY21-22.

Learn More