Overview

• The sector achieved a turnover of ₹6.73 lakh crore in FY25, reflecting 9.6% year-on-year growth and a 14% CAGR since FY20.
• Exports rose 8% to $22.9 billion while imports grew 7.3% to $22.4 billion, delivering a $453 million trade surplus.
• Supplies to domestic OEMs jumped 10% to ₹5.70 lakh crore, buoyed by an 8% increase in vehicle production and greater use of high-value components.
• The aftermarket expanded 6% to ₹99,948 crore, driven by the used vehicle market, formalized repair services and rising rural e-commerce demand.
• ACMA leaders highlighted a shift toward higher-value parts, technology upgrades and localization, and urged a national strategy for rare-earth magnets to back EV manufacturing.