The Automotive Component Manufacturers Association((ACMA) of India Mobility Foundation held its 66th Annual General Meeting under the theme “Beyond Resilience”, bringing together policymakers, auto industry leaders, global representatives and technology experts to discuss the next phase of growth for India’s auto component sector. The industry is targeting a turnover of $200 billion by 2030, supported by rising exports, higher supplies to vehicle manufacturers, localisation and investments in advanced technologies.
India’s auto component industry recorded a turnover of ₹7.6 lakh crore ($85.9 billion) in FY26, registering 12.7% annual growth. The sector has doubled in size over the past five years. Exports reached $24 billion, while supplies to original equipment manufacturers grew 16.3%.
The ACMA-BCG report, Beyond Resilience, released during the annual session, showed strong confidence across the industry. Around 90% of component manufacturers surveyed, including large, medium and small companies, said they were “in the right place at the right time” to benefit from future opportunities.
Delivering the special address, HD Kumaraswamy, Minister for Heavy Industries & Steel, said the theme “Beyond Resilience” reflected the ambition required from the Indian automotive industry. He highlighted the role of the Production Linked Incentive scheme for automobiles and auto components in supporting investment, domestic value addition, advanced manufacturing and cleaner mobility.
The session also featured Shailesh Chandra, President, SIAM and Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility; R Mukundan, President, CII and Managing Director & CEO, Tata Chemicals; and Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India.
ACMA said the next stage of industry growth will be driven by Industry 5.0, combining artificial intelligence, automation, robotics, IoT and human skills. The industry also stressed the need for greater investment in training engineers and workers in AI, robotics, automation and digital manufacturing.
Energy-efficient production, circular manufacturing and responsible use of resources are also becoming increasingly important for companies seeking to compete in global markets. ACMA called for closer cooperation between industry, government and technology companies to speed up innovation, technology adoption and skill development.
Piyush Goyal, Minister for Commerce & Industry, said India is increasingly becoming a trusted global partner and highlighted the country’s economic growth and the strength of its young workforce. The session concluded with discussions on free trade agreements and new export opportunities. Harjinder Kang, His Majesty’s Trade Commissioner for South Asia, and Sergio Gor, Ambassador of the United States to India, discussed greater market access, investment and opportunities for Indian auto component manufacturers.
ACMA President Vikrampati Singhania said the industry had successfully dealt with supply-chain disruptions, geopolitical challenges and changes in mobility, but now needed to move from responding to change to shaping it. The annual session brought together OEMs, component manufacturers, global suppliers, diplomats and government representatives to discuss India’s expanding role in global automotive supply chains.
