Turnover of Indian auto component industry at Rs 1.96 lakh crore
AVIATION & AIRPORTS

Turnover of Indian auto component industry at Rs 1.96 lakh crore

The Automotive Component Manufacturers Association of India (ACMA) told the media that the turnover of the industry stood at Rs 1.96 lakh crore during April-September, with 65% growth over the first half (H1) of 2020.

Exports increased by 76% to Rs 68,746 crore in H1 2021-22 from Rs 39,003 crore in H1 2020-21.

President of ACMA, Sunjay Kapur, said that despite a slow offtake in the sales of vehicles in the first quarter (Q1) due to supply issues, the auto component industry witnessed a remarkable turn-around in H1 2021-22.

Europe accounted for 31% of exports, witnessed a growth of 81%, while North America and Asia accounting for 32% and 25%, witnessed 81% and 73% growth, respectively.

Imports increased by 71% from Rs 37,710 crore in H1 2020-21 to Rs 64,310 crore in H1 2021-22.

Asia, with the highest imports of 63%, while Europe and North America with 29% and 7%, respectively. Imports witnessed a steep rise, showing growth in domestic manufacturing.

The aftermarket during H1 2021-22 witnessed 25% growth to Rs 38,895 crore from Rs 31,116 crore in H1 2020-21.

Image Source

The Automotive Component Manufacturers Association of India (ACMA) told the media that the turnover of the industry stood at Rs 1.96 lakh crore during April-September, with 65% growth over the first half (H1) of 2020. Exports increased by 76% to Rs 68,746 crore in H1 2021-22 from Rs 39,003 crore in H1 2020-21. President of ACMA, Sunjay Kapur, said that despite a slow offtake in the sales of vehicles in the first quarter (Q1) due to supply issues, the auto component industry witnessed a remarkable turn-around in H1 2021-22. Europe accounted for 31% of exports, witnessed a growth of 81%, while North America and Asia accounting for 32% and 25%, witnessed 81% and 73% growth, respectively. Imports increased by 71% from Rs 37,710 crore in H1 2020-21 to Rs 64,310 crore in H1 2021-22. Asia, with the highest imports of 63%, while Europe and North America with 29% and 7%, respectively. Imports witnessed a steep rise, showing growth in domestic manufacturing. The aftermarket during H1 2021-22 witnessed 25% growth to Rs 38,895 crore from Rs 31,116 crore in H1 2020-21. Image Source

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?