The Automotive Component Manufacturers Association of India (ACMA) held its 65th Annual Session in New Delhi, where a joint ACMA–McKinsey study projected that India’s auto component industry could reach USD 200 billion by 2030. The study highlighted growth drivers including domestic demand, export expansion, and opportunities in both internal combustion engine components and next-generation electric and connected vehicle solutions. It also noted risks such as tariffs, carbon taxes, and reliance on imports of rare earths and semiconductors.
“India’s auto component sector expanded beyond USD 80 billion in FY25, with exports crossing USD 23 billion — a testament to our growing reputation as a trusted global partner. Yet the road ahead demands greater resilience as we navigate geopolitical headwinds, technology disruption, and sustainability imperatives. With initiatives such as the ACMA Mobility Foundation and the government’s strong policy support, I am confident that India will emerge as a globally competitive hub for mobility components.” said Ms. Shradha Suri Marwah, President, ACMA & Chairperson & Managing Director, Subros Ltd., in her opening address, emphasizing the industry’s resilience in the face of global volatility.
The study was launched by H.D. Kumaraswamy, Minister of Heavy Industries & Steel, who stated, “Bold reforms such as the PLI scheme have already attracted over INR 29,500 crore in investments and created more than 45,000 jobs, far exceeding expectations.”
The session included panel discussions and a leadership chat with participants from companies such as McKinsey & Company, Sona Comstar, Switch Mobility, VW Group India, Hero MotoCorp, Infineon Technologies, Brakes India, Bosch India, and ZF India. The discussions focused on supply chain risk reduction, localisation of critical technologies, and competitiveness.
Speakers included Nitin Gadkari, Minister of Road Transport & Highways, Piyush Goyal, Minister of Commerce & Industry, and Maroš Šefčovič, European Commissioner for Trade and Economic Security. Šefčovič said, “As India’s largest trading partner, the EU already supports millions of jobs and USD 140 billion in trade. By combining Europe’s strengths in technology with India’s manufacturing scale, we can build resilient supply chains, drive innovation in next-generation vehicles, and advance our shared climate goals.”
The Annual Session saw the participation of more than 1,200 delegates, including policymakers, industry executives, suppliers, and diplomats.
The Automotive Component Manufacturers Association of India (ACMA) represents over 1,100 manufacturers, accounting for more than 90 percent of the organised sector’s turnover in the Indian auto component industry.
