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Automakers gear up to reduce imports, capitalize on ?China Plus One? strategy.
ACMA presented Industry Performance Review for first half of FY2023-24
This could boost the top line by 10-20 percent.
The turnover of auto component industry stood at Rs 5.60 lakh crore
Auto components industry to grow 10-15 pc in FY24: ACMA
Auto component makers in an investment spree post Covid restrictions
Visible shift in both two- and three-wheeler industries.
imports rose 33% in 2021-22, and exports grew 43% in the same period
ACMA urged for a uniform GST rate of 18% on all auto parts
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