Exports Critical Pillar of Auto Component Industry, Says ACMA President

Exports continue to be a critical pillar of growth for India’s auto component industry, with nearly 30% of the sector’s output shipped to overseas markets, according to ACMA President Vikram Raghupati Singhania. His comments come as the country has entered into FTAs with multiple countries, which is expected to further integrate India's auto component industry with global automotive value chains. 

Speaking at the sixth edition of ACMA Automechanika on Wednesday, Singhania said the Indian auto component industry, valued at around $80 billion, has demonstrated resilience and adaptability despite global challenges such as geopolitical disruptions, supply chain volatility, inflationary pressures and rapid technology shifts. 

"Despite global headwinds ranging from geopolitical disruptions and supply chain volatility to inflationary pressures and technology transitions, the industry has continued to grow, invest and expand its global footprint. India today is not only the world's fastest growing automotive market but also an increasingly reliable global supplier of quality auto components and systems serving OEMs and aftermarket customers across regions," he said.

 He also acknowledged the role of the government in supporting exports, particularly through its emphasis on trade agreements, market access and export facilitation. Singhania welcomed the recent conclusion of Free Trade Agreements with the US and the European Union, describing them as potential game changers for the auto component sector by opening access to large and technologically advanced markets. 

According to him, these agreements are expected to encourage deeper integration of Indian suppliers into global automotive value chains. He also highlighted the government’s export promotion mission, which focuses on coordinated support across areas such as logistics, finance, standards and capacity building to sustain export growth. 

Speaking about the Automechanika, Singhania said: "Each successive edition has grown in scale, relevance and international participation and the 6th edition reflects both the resilience and the ambition of the industry. Spread across 51,000 square metres, this exhibition brings together more than 870 exhibitors showcasing over 3,000 brands from 20 plus countries. Presence of international pavilions from seven countries further reinforces the global character of this platform and India's increasing integration into global automotive and aftermarket value chains." ENDS