The Indian auto parts sector expects revenue in the current fiscal year to grow 20% to $25 billion, the president of the Automotive Component Manufacturers Association of India said Wednesday.
Jayant Davar also said at a press conference that auto parts exports stayed flat in the last fiscal year that ended March 31 at $3.8 billion due to "slow" sales in North America and Europe.
The association represents more than 592 companies, whose production forms a majority of the total auto component output in the organised sector.
Jayant Davar also said at a press conference that auto parts exports stayed flat in the last fiscal year that ended March 31 at $3.8 billion due to "slow" sales in North America and Europe.
The association represents more than 592 companies, whose production forms a majority of the total auto component output in the organised sector.
