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Thee Automotive Component Manufacturers Association of India (ACMA) is a apex body representing India's Component Industry. It boasts a membership exceeding 850 manufacturers, contributing to more than 85% of the auto component industry's total turnover.ACMA proudly holds ISO 9001:2015 certification. ACMAs primary mission revolves around stimulating growth, job creation, and economic prosperity. Through its relentless dedication to research & development initiatives, ACMA ensures that India maintains a leading position in global automotive component manufacturing. With its continually expanding network, ACMA empowers businesses by providing invaluable resources, industry insights, and opportunities for collaborative endeavours. The organization plays an indispensable role in shaping policies and regulations that nurture an environment conducive to sustainable growth. India's automotive industry is a vital sector, contributing 49% to the country's manufacturing GDP, 7.5% to the overall GDP, and supporting approximately 38 million jobs. Despite challenges like chip shortages, overbooking, fuel price-induced inflation, and rising commodity prices, the overall industry is valued at $150 billion. In the fiscal year 2022-23, on the back of strong vehicle sales, a robust aftermarket, and growing exports, the auto component industry achieved unprecedented success. It reached a size of Rs. 5.60 lakh crore (USD 69.7 billion), recording a remarkable growth of 32.8%, surpassing the previous high turnover of Rs. 4.20 lakh crore in FY21-22. Exports increased by 5.2% to Rs. 1.61 lakh crore (USD 20.1 billion), while imports grew by 10.9% to Rs. 1.63 lakh crore (USD 20.3 billion). The Aftermarket, estimated at Rs. 85,333 crores, also saw steady growth, registering a 15% increase. Auto component sales to OEMs in the domestic market surged by 39.5% to Rs. 4.76 lakh crore. This growth in domestic auto component sales to OEMs, reaching Rs. 4.76 lakh crores (USD 59.3 billion), reflects a ...

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