New Delhi: India's auto component industry is targeting nearly $200 billion (Rs 17.6 lakh crore) in turnover by FY30, but achieving the ambition will require companies to build greater resilience against raw material and energy costs, labour shortages and demand volatility, a joint report by Boston Consulting Group and Automotive Component Manufacturers Association of India (BCG-ACMA) said.
The report said the industry has grown at a 17 per cent CAGR over the past decade to reach $86 billion in FY26, while increasing localisation to more than 70 per cent and moving to a net trade surplus. It said the next phase of growth will depend on companies strengthening capabilities rather than relying only on capacity expansion.
