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The Times of India

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Auto parts companies' turnover hits 5-year high of Rs 4.2 lakh crore

Sunjay Kapur Chennai

CHENNAI: Bouncing back to pre-pandemic levels, the auto component industry clocked its highest turnover in five years in FY22 at Rs 4.2 lakh crore, up 23% over Rs 3.4 lakh crore reported in FY21.

The turnover is also higher than the FY19 record of Rs 3.95 lakh crore, according to Automotive Component Manufacturers Association (ACMA) .

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