Bengaluru, July 1 -- The Indian Auto Components & Equipment sector achieved a record turnover of Rs 6.14 lakh crore (about $74.1 billion) in FY24, growing 10 percent year-on-year, and is projected to reach $80.1 billion in FY25. The industry accounts for 2.3 percent of India's GDP, provides direct employment to over 1.5 million people, and is expected to touch $200 billion by FY26.

With a market capitalization of Rs 29,519.17 crore, the shares of Sona BLW Precision Forgings Ltd were trading at Rs 475.00 per share, decreasing around 1.35 percent as compared to the previous closing price of Rs 481.50 apiece.

Sona Comstar is evaluating plans to manufacture rare earth magnets in India, crucial for automotive applications. The decision hinge...