According to Automotive Component Manufacturers Association of India (ACMA), the Indian auto component industry has registered a growth of 11% during FY15, clocking a turnover of Rs. 2.34 lakh crore ($ 38.5 billion). The industry has also seen a CAGR of 11 per cent over the last six years. The auto component industry in India is expected to scale $ 100 billion in turnover by 2020.
Extracted from HBL, June 30,’15