About Automotive Components
India is emerging as a global hub for sourcing auto components. As of FY 2018, the USD 51.2 Bn Auto-Components industry in India is expected to grow to USD 200 Bn by 2026. The Compound Annual Growth Rate (CAGR) of the industry stood at 10% over a period of 2012-2018. India is centrally located vis a vis other key automotive markets like the ASEAN, Japan, Korea, Europe, providing it a locational advantage.