Exports Of Auto Components From India See Robust Growth

New Delhi: Showcasing India’s growing role in the global supply chain, exports of auto components have shown robust growth in the past couple of years. Also, major exports destinations for motorcycle parts are Germany, Bangladesh, the US, the UK, the UAE, Brazil, Turkey, Sri Lanka and others.

This highlights India's increasing global market presence and reduced dependence on imports. According to industry experts, India's auto component industry can target $100 billion in exports, as global original equipment manufacturers (OEMs) reassess their supply chains and manufacturing strategies, presenting India with an optimal opportunity to establish itself as a top global destination.

The auto component exports reached $21.2 billion in FY24, marking a significant turnaround from a $2.5 billion deficit in FY19 to a $300 million surplus.