Indian auto components industry sees 11.3% growth in H1 FY25: Report
auto components industry has experienced robust growth in the first half of FY25, with a notable 11.3 per cent increase in its market size, according to Automotive Component Manufacturers Association (ACMA) report.
The industry, which was valued at USD 36.1 billion in H1 FY24, surged to USD 39.6 billion in H1 FY25. Several trends have emerged in the market, with consumers shifting towards larger and more powerful vehicles across all segments.
The demand for Utility Vehicles (UVs) in the Passenger Vehicle (PV) segment grew by 13 per cent, with UV1 models (ranging from 4000 to 4400 mm in length and priced under Rs 20 lakh) seeing a 25 per cent increase in sales.
The two-wheeler market also saw a 74 per cent increase in sales of motorcycles with engine capacities between 350cc and 500cc.
Electric vehicles (EVs) have gained significant traction, with sales rising by 22 per cent in H1 FY25 compared to the previous year. While electric two-wheelers (e-2W) grew by 26 per cent, electric passenger vehicles (e-PVs) saw a decline of 19 per cent.
Soft Skills
Cross-Cultural Communication Mastery: Connect with Confidence
By — Prince Patni, Software Developer (BI, Data Science)
Entrepreneurship
Boosting Startup Revenue with 6 AI-Powered Sales Automation Techniques
By — Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience
Web Development
Intermediate C++ Skills: Master Pointers, Structures and File Stream
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI:
