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Auto component industry growth to slow down to 8-10% this FY

Last Updated: Thursday, October 11, 2012, 14:07

The Indian auto component sector grew by 15.7 percent in the fiscal 2011-12 posting a turnover of Rs 2,10,400 crore but the growth will moderate to 8-10 percent in the ongoing fiscal, according to industry body ACMA.

Auto component industry may touch $100 bn mark in decade

Last Updated: Wednesday, September 28, 2011, 13:30

Indian auto component industry, which is currently valued at USD 30 billion, is expected to grow at USD 100 billion in the current decade on a robust domestic demand even as rising inflation and interest rates continue to be major challenges.