India's auto component sector grows 12.7% in FY26, but imports outpace exports: ACMA

New Delhi [India], July 7 (ANI): India's auto component industry grew strongly by 12.7 per cent in FY26 with exports growing 5 per cent, however, imports grew faster than exports, widening trade deficit, as per a report by Automotive Component Manufacturers Association of India. The report noted India's auto component industry grew 12.7 per cent in FY26, driven by a 16.3 per cent rise in supplies to OEMs amid str