Indian Auto Component Industry Grows 6.8% in H1 FY26, Exports Rise Amidst Trade Deficit

India's auto component industry saw a 6.8% year-on-year growth, reaching Rs 3.56 lakh crore in H1 FY26, according to ACMA. This expansion was driven by steady domestic demand, a strong aftermarket, and investments in technology. While OEM sales grew 7.3% and aftermarket sales 9%, exports increased 9.3% to $12.1 billion, but imports rose 12.5% to $12.3 billion, resulting in a $180 million trade deficit. The industry also noted a 4.6% share for electric vehicles in OEM supplies.