India’s Auto Component Exports May Hit $100 Bn

New Delhi: India’s auto component industry can target $100 billion in exports, as global OEMs reassess their supply chains and manufacturing strategies, presenting India with an optimal opportunity to establish itself as a top global destination, according to a report on Tuesday.

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

According to the latest report by ACMA and BCG, with doubling down on classical components, India can potentially add another $40-60 billion in incremental exports by prioritising 11 product families, with focus on US and Europe markets.