India’s auto part trade recorded a turnover of Rs 6.73 lakh crore ($80.2 billion) in FY25, based on ACMA’s (Automotive Element Producers Affiliation of India’s) annual overview. This displays a 9.6% year-over-year progress. Moreover, there’s a 14% CAGR since FY20, practically doubling the trade’s measurement over 5 years.
Exports rose 8% to $22.9 billion (Rs 1.92 lakh crore). Imports elevated 7.3% to $22.4 billion. The trade posted a commerce surplus of $453 million, up from $300 million the earlier yr. This means improved international competitiveness and localisation.
Home OEM provides stood at Rs 5.7 lakh crore, rising 10% resulting from elevated automobile manufacturing. There was additionally greater demand for premium parts in bigger autos.
The aftermarket section additionally grew 6% to Rs 99,948 crore ($11.8 billion). This progress was pushed by the used automobile market, organised restore providers, and rural demand supported by e-commerce.
Regionally, exports to North America elevated by 8.4%, Asia rose by 15.1%, however Europe skilled a 2.1% decline. The highest exported parts included engine elements, suspension methods, braking methods, and chassis.
Asia remained the most important import supply, contributing practically two-thirds of the $22.4 billion imports.
ACMA’s management famous that the sector’s sturdy efficiency was pushed by home demand, export progress, and value-added actions. Nevertheless, considerations had been raised in regards to the restricted provide of rare-earth magnets required for EV manufacturing. This prompted a name for a nationwide technique on essential supplies.
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