login
ACMA President: Supply chain diversification creates opportunities for India’s auto component industry
-
-
Exclusive Interview
Automotive Component Manufacturers Association of India (ACMA)
ACMA President, Mr. Vikrampati Singhania
About This Interview
India’s auto component industry recorded turnover of INR 7.6 trillion in FY 2025–26 (April 2025–March 2026), up 12.7% from the previous fiscal year. Supplies to OEMs increased 16.3%, while the aftermarket grew 9%. Exports rose 5% to USD 24 billion, with Europe recording the strongest export growth and engine components together with drive, transmission, and steering components accounting for more than half of export value. Imports increased 13% to USD 25.4 billion amid growing demand for advanced-technology products and specialized components. Supplies of electric vehicle components, excluding lithium-ion batteries, represented 4.6% of domestic OEM supplies. According to the Automotive Component Manufacturers Association of India (ACMA), the industry has more than doubled in size over the past five years, recording a compound annual growth rate of 17%.
Related article: “India’s auto component industry turnover rises to INR 7.6 trillion in FY 2025–26”
ACMA is the apex body representing India’s auto component industry. Its membership comprises more than 1,150 manufacturers, which account for over 90% of the industry’s turnover in the organized sector. ACMA works to strengthen the global competitiveness of India’s auto component industry by promoting innovation, research, capability building, and sustainable industry growth. Vikrampati Singhania is President of ACMA and Vice Chairman and Managing Director of J.K. Fenner (India) Ltd.
On July 7, 2026, MarkLines interviewed Mr. Singhania following ACMA’s annual press conference. The interview covered the industry’s medium-term outlook, export opportunities arising from free trade agreements, investment in emerging technologies, R&D and localization, supply-chain resilience, and the transition toward multiple powertrain technologies.
Table of Contents
-
About This Interview
-
Q1India’s auto component industry recorded strong turnover and export performance in FY 2025–26. How do you see the industry growing over the next five years, through 2030 or 2031?
-
Q2India has recently signed free trade agreements with multiple countries and regions, including the EU. However, these markets have regulatory requirements that differ from those in India. Is India’s auto component industry ready to meet these requirements?
-
Q3New component technologies are emerging. Recent vehicle launches feature many new technologies, including ADAS, sensors, and advanced infotainment systems. Which fields do you see as having the greatest potential for Indian suppliers?
-
Q4Which area of the automotive industry do you think is attracting the most foreign investment?
-
Q5The GST rate cut last September marked a turning point for India’s automotive market. The market has recorded its highest-ever monthly sales in each of the past three to four months. Do you think this demand will be sustained in the coming months?
-
Q6Compared with their Asian and Western counterparts, Indian automotive suppliers typically invest less in research and development. How can ACMA help them close this gap, and how is ACMA engaging with the Indian government on this issue?
-
Q7According to ACMA, India’s automotive industry has an average localization rate of around 70%, with lower rates generally seen in premium models. How does ACMA support increased localization?
-
Q8Multiple technologies, including flex-fuel vehicles, ICE vehicles, and EVs, are developing in India, while new emissions regulations are also expected next year. Suppliers therefore need to invest in multiple technologies simultaneously. How are Indian auto component suppliers managing this transition?
-
Editor’s Note
This exclusive interview is for paid members only.
If you register as a free member, you can read the rest of this article for a limited time.
In addition, you can also enjoy the following content for free:
Table of Contents
-
About This Interview
-
Q1India’s auto component industry recorded strong turnover and export performance in FY 2025–26. How do you see the industry growing over the next five years, through 2030 or 2031?
-
Q2India has recently signed free trade agreements with multiple countries and regions, including the EU. However, these markets have regulatory requirements that differ from those in India. Is India’s auto component industry ready to meet these requirements?
-
Q3New component technologies are emerging. Recent vehicle launches feature many new technologies, including ADAS, sensors, and advanced infotainment systems. Which fields do you see as having the greatest potential for Indian suppliers?
-
Q4Which area of the automotive industry do you think is attracting the most foreign investment?
-
Q5The GST rate cut last September marked a turning point for India’s automotive market. The market has recorded its highest-ever monthly sales in each of the past three to four months. Do you think this demand will be sustained in the coming months?
-
Q6Compared with their Asian and Western counterparts, Indian automotive suppliers typically invest less in research and development. How can ACMA help them close this gap, and how is ACMA engaging with the Indian government on this issue?
-
Q7According to ACMA, India’s automotive industry has an average localization rate of around 70%, with lower rates generally seen in premium models. How does ACMA support increased localization?
-
Q8Multiple technologies, including flex-fuel vehicles, ICE vehicles, and EVs, are developing in India, while new emissions regulations are also expected next year. Suppliers therefore need to invest in multiple technologies simultaneously. How are Indian auto component suppliers managing this transition?
-
Editor’s Note
Japan
+81-3-4241-3907
USA
Mexico
Germany
China (Shanghai)
Thailand
India
free for 1 week
Online Demo