Driven by demand from Asia and North America, India’s auto component exports hit $22.9 billion in FY25, says ACMA.
India’s automotive component exports rose 8% to USD 22.9 billion in FY 2024-25, as per data released by the Automotive Component Manufacturers Association of India (ACMA). Strong demand from Asia, Africa, and North America powered this growth.
North America remained the top export destination, accounting for one-third of total shipments at USD 7.35 billion, up 8.4%. Exports to Asia surged 15.1% to USD 5.92 billion, and Africa saw a 16.7% increase to USD 1.16 billion. However, Europe witnessed a 2.1% decline, totaling USD 6.75 billion.
India recorded a trade surplus of USD 453 million in the auto component sector, up from USD 300 million in FY24. ACMA Director General Vinnie Mehta attributed the performance to India’s growing manufacturing strength and localisation efforts.
Despite overall gains, challenges loom. China’s restrictions on rare earth magnets, a key import, are affecting the sector, alongside freight costs and raw material volatility.
India’s auto component industry posted a 9.6% increase in gross turnover to ₹6.73 lakh crore. ACMA President Shradha Suri Marwah highlighted broad-based growth across segments, especially in two-wheelers.
Source: KNN India
