Indian Auto Component Industry de-grows 11.7% in FY 2019-20, clocks turnover of Rs 3.49 lakh crore
Shortpedia
Content Team
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ACMA, the apex body representing India’s Auto Component manufacturing industry on Wednesday announced that the turnover of the automotive component industry stood at Rs. 3.49 lakh crore (USD 49.2 billion) for the period April 2019 to March 2020, registering a de-growth of 11.7% over the previous year. The aftermarket in FY 2019-20 remained stable despite a downturn in the vehicle industry.
