Indian auto components industry sees 11.3% growth in H1 FY25: Report
India's auto components industry saw robust growth in the first half of FY25, with an 11.3% increase in market size to $39.6 billion. Demand for larger vehicles, especially UVs, surged, alongside a rise in 350-500cc motorcycles. EV sales grew overall, but e-PVs declined. Exports performed strongly, with the USA, Germany, and Turkey as top destinations.
India's auto components industry saw robust growth in the first half of FY25, with an 11.3% increase in market size to $39.6 billion. Demand for larger vehicles, especially UVs, surged, alongside a rise in 350-500cc motorcycles. EV sales grew overall, but e-PVs declined. Exports performed strongly, with the USA, Germany, and Turkey as top destinations. What's Your Reaction?
