Auto component industry grows 12.7%; ACMA to adopt lessons from China, banks on India-US deal

India's auto component industry recorded 12.7% growth in FY26, with turnover reaching ₹7.6 lakh crore and exports touching USD 24 billion. ACMA says the industry is drawing lessons from China's manufacturing ecosystem in automation, EV technologies and battery supply chains while banking on upcoming FTAs and a favourable India-US trade deal to sustain growth. Despite tariff challenges and the West Asia crisis, exports to the US remained resilient as the industry prepares for its next phase of expansion.