Mumbai, Dec. 6 -- The Automotive Component Manufacturers Association of India (ACMA) has said that the turnover of the industry was Rs 1.79 trillion ($26.2 billion) in the first half of 2019-20 financial year, down by 10.1 percent compared to the same period in the last financial year. The exports registered marginal growth of 2.7 percent, scaling Rs 51,397 crore ($7.5 billion), whereas the Auto component after market grew by four percent to reach Rs 35,096 crore ($5.1 billion) during the April-September 2019 period, says the performance review of the industry body.
"The second half od 2018-19 saw a significant slump in vehicle sales that continued well into the first half of 2019-20. The componenent industry in tandem, posted a some-what ...