New Delhi, March 5 -- The Indian auto component sector has outlined an aggressive growth strategy, targeting USD 100 billion in exports within the next seven to eight years, a significant leap from the current USD 21.2 billion achieved in the fiscal year 2024.

The Automotive Component Manufacturers Association of India (ACMA) unveiled a comprehensive roadmap that positions the country as a critical hub for both traditional and emerging automotive technologies.

A joint report by Boston Consulting Group (BCG) and ACMA identifies two primary growth drivers for this ambitious goal.

The strategy hinges on achieving a two to three-fold expansion in classical vehicle components, including internal combustion engine and carry-over components, ...