The Economic Times

India's auto component sector grows 12.7% in FY26, but imports outpace exports: ACMA

India's auto component industry saw strong growth in FY26, driven by OEM supplies and aftermarket expansion. Exports increased by five percent, while imports rose thirteen percent, widening the trade deficit. Supplies to the electric vehicle segment accounted for a notable portion of OEM sales. Geopolitical uncertainties and raw material price volatility present challenges to the sector. Government initiatives and infrastructure development offer significant growth opportunities for the industry.