The Economic Times

India's auto component industry targets $200 bln turnover by FY30 amid rising risks: BCG-ACMA

India's auto component sector aims for $200 billion turnover by FY30. Achieving this goal requires greater resilience against rising costs and shortages. The industry has seen significant growth over the past decade despite disruptions. Strong domestic demand and increasing exports will support future expansion. Companies must focus on capability building and technological advancements for sustained growth.