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
Real Estate

Pune Records 11% Drop in Property Registrations in Nov

Property registrations in Pune saw a decline of 11 percent year-on-year in November, totaling 13,371 units, despite robust demand, according to a report by Knight Frank India. The real estate consultancy revealed that the total registrations in November 2024 generated a revenue of Rs 475 crore for the state. This marked a fall from last year's figure of 14,988 units in the same month. Compared to October 2024, when 20,894 units were registered, November’s figures represent a 36 percent decrease. Shishir Baijal, Chairman and Managing Director of Knight Frank India, stated that Pune’s proper..

Next Story
Infrastructure Energy

Oriana Power Signs MoU with Rajasthan in Clean Energy

Oriana Power, a publicly-listed company on the NSE, announced on Monday that it has entered into a Memorandum of Understanding (MoU) with the Rajasthan government to invest Rs 10,000 crore in a series of clean energy projects. The projects will focus on solar energy, floating solar, green hydrogen, and energy storage solutions. The agreement was finalized in Jaipur during the recently concluded Rising Rajasthan Global Summit 2024. Oriana Power has identified six key locations in the state for these projects, including one in Bikaner, two in Churu, and three in Phalodi districts. Rupal Gupta, M..

Next Story
Infrastructure Energy

PM Surya Ghar Scheme Set to Surpass 10 Years of Solar Growth

The PM Surya Ghar Muft Bijli Yojana has achieved a remarkable milestone, surpassing 6.85 lakh solar installations within a year and poised to exceed a decade's worth of solar growth. The scheme, launched in February 2024, has already achieved 86 percent of the solar installations made in the last ten years. The 3-5 kW segment accounted for the majority of installations, at 77 percent, while 14 percent of installations were in the 5kW+ category. Gujarat led the charge with 2,86,545 installations, followed by Maharashtra with 1,26,344, Uttar Pradesh with 53,423, and Kerala. The scheme, which now..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000