The Indian auto component Industry is expected to grow five-fold by 2026 from its current market size of US$ 40 billion: Automotive Mission Plan (AMP)
Indian auto component industry to grow 5 times by 2026
New Delhi: Global auto component market is pegged to be around $1.75 trillion. However, Indian auto component Industry revenue stands at just $40 billion, which is just 2.3 per cent of the total Indian GDP and contributes $11 billion of exports.
