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Indian auto component industry clocks Rs. 6.14 lakh crore turnover in FY 2023-24

Indian auto component industry clocks Rs. 6.14 lakh crore turnover in FY 2023-24

Jul 27, 2024, at 12:00 am

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry on Thursday announced the findings of its Industry Performance Review for the fiscal year 2023-24 which showed the turnover of the automotive component industry stood at Rs. 6.14 lakh crore (USD 74.1 billion) for the period, registering a growth of 9.8% over the previous year.