New Delhi, March 27 -- The Indian auto component industry is charting an ambitious course of expansion, with the Ministry of Commerce & Industry projecting export revenues to reach USD 100 billion by 2030.

This strategic vision positions the sector as a critical driver of economic growth and employment generation, aligning closely with the government's Make in India initiative.

In the current fiscal year (FY24), the sector has already demonstrated substantial momentum, achieving export revenues of USD 21.2 billion and maintaining a trade surplus of USD 300 million.

The industry contributes 2.3 percent to India's GDP and is expected to reach USD 30 billion in exports by 2026, reflecting a robust growth trajectory.

Geographical distribu...