Sharing his insights on the performance of the auto components sector, Vinnie Mehta, Director General, ACMA, said, “H1 FY26 performance reflects the underlying strength of India’s automotive ecosystem, with growth across OEM supplies and the aftermarket. On the trade side, export growth has remained healthy, though imports have risen at a faster pace, leading to a marginal trade deficit. The industry is responding through deeper localisation, capacity expansion and closer collaboration with stakeholders, while preparing for the next phase of growth driven by new mobility technologies.”
Commenting on dynamics of the industry, Sriram Viji, President-Designate, ACMA and Managing Director, Brakes India Pvt Ltd., mentioned, “While domestic demand remains broadly stable, the operating environment continues to be shaped by geopolitical uncertainties, supply-chain disruptions and cost pressures. Addressing challenges such as the availability of critical materials, including rare-earth magnets, and enhancing supply-chain resilience will be critical for sustaining long-term growth.”
Elaborating on the mood of the industry and outlook for the near to mid-term future, Vikrampati Singhania, President ACMA and Managing Director, J K Fenner (India) Ltd. added, “While demand conditions in the first half were driven largely by underlying domestic fundamentals, the second half of the fiscal is expected to benefit from improving retail sentiment, supported by recent policy measures, seasonal demand and continued infrastructure-led activity.