The overall turnover for the industry stood at Rs 292,184 crore, a double-digit growth of 14.3 percent (FY2016: 255,600 crore), and a CAGR pegged at 7 percent over the last six fiscals from FY2012.
According to Vinnie Mehta, director general, ACMA, "With demand set to grow in the near future across segments in the industry, and especially with the four-wheeler sector's growth outlook of 8 percent, the graph for the components industry is set to grow further between a sustained 10-12 percent for the next 2-3 years."
The cumulative revenue is a resultant of component supply to the OEs, aftermarket and exports. Out of the OE space, supplies to the PV sector is the major contributor with a major share of 49 percent, followed by the two-wheeler industry with 22 percent, and M&HCVs, LCVs contributing 11 percent and 8 percent respectively.
According to Vinnie Mehta, director general, ACMA, "With demand set to grow in the near future across segments in the industry, and especially with the four-wheeler sector's growth outlook of 8 percent, the graph for the components industry is set to grow further between a sustained 10-12 percent for the next 2-3 years."
The cumulative revenue is a resultant of component supply to the OEs, aftermarket and exports. Out of the OE space, supplies to the PV sector is the major contributor with a major share of 49 percent, followed by the two-wheeler industry with 22 percent, and M&HCVs, LCVs contributing 11 percent and 8 percent respectively.
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| Indian auto components industry |
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