• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Science & Tech

Exports Of Auto Components From India See Robust Growth In Last 2-3 Years

OMMCOM NEWS by OMMCOM NEWS
March 19, 2025
in Science & Tech

New Delhi: Showcasing India’s growing role in the global supply chain, exports of auto components have shown robust growth in the past couple of years.

Also, major exports destinations for motorcycle parts are Germany, Bangladesh, the US, the UK, the UAE, Brazil, Turkey, Sri Lanka and others.

This highlights India’s increasing global market presence and reduced dependence on imports.

According to industry experts, India’s auto component industry can target $100 billion in exports, as global original equipment manufacturers (OEMs) reassess their supply chains and manufacturing strategies, presenting India with an optimal opportunity to establish itself as a top global destination.

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 Automotive Component Manufacturers Association of India (ACMA) and Boston Consulting Group (BCG), India can potentially add another $40-60 billion in incremental exports by prioritising 11 product families, with focus on US and Europe markets.

Notably, capitalising on emerging EV and electronic value chain through localisation today, India can look to tap into additional $15-20 billion exports in components such as battery management systems, telematics units, instrument clusters and ABS.

Global OEMs are major customers of India’s auto component industry, accounting for 20-30 per cent of exports.

In the German market, which is predominantly influenced by Eastern European suppliers, India emerges as a cost-effective alternative, offering components at prices up to 15 per cent lower.

In the US market, which is current dominated by imports from Mexico and China, Mexico offers components at 2-5 per cent lower prices due to reduced logistics and tariff costs. Conversely, Chinese components are 20-25 per cent more expensive compared to India, largely because of additional tariffs.

(IANS)

Tags: Automotive Component Manufacturers Association of India (ACMA)Boston Consulting Group (BCG)mexico
ShareTweetSendSharePinShareSend
Previous Post

School Bus Collides With Truck On Jodhpur-Jaisalmer Highway, 8 Students Injured

Next Post

Creativity And Innovation, Problem Solving Among Top 5 Hiring Skills In India: Report

Related Posts

Science & Tech

Indian Astronaut Shubhanshu Shukla To Conduct Key Food, Nutrition Experiments In Space

May 31, 2025
Science & Tech

Study Finds Common Gene Variant That Doubles Dementia Risk For Men

May 31, 2025
WHO
Science & Tech

Urgent Action Needed To Ban Flavoured Tobacco, Nicotine Products: WHO

May 30, 2025
Science & Tech

About 15 Pc Babies And Toddlers Facing Long-Covid, Symptoms Can Differ By Age: Study

May 29, 2025
Science & Tech

Low-Carbon Tech Key To Achieving ‘Net Zero 2070’ Target: Dr Jitendra Singh

May 28, 2025
Science & Tech

SpaceX’s Starship Fails 3rd Time, Musk Blames Fuel Leak As Megarocket Explodes

May 28, 2025
Next Post

Creativity And Innovation, Problem Solving Among Top 5 Hiring Skills In India: Report

'The Earth Missed You': PM Modi Welcomes Sunita Williams And Crew-9 Astronauts After Extended Space Mission

CM Majhi To Inaugurate 19th Toshali National Crafts Fair Today

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.