Tag: Auto parts companies

CHENNAI: 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.Vinnie Mehta, director general, ACMA, said, "On the back of significant vehicle sales in the country, a robust aftermarket and steady exports, the auto component...