More Stories

Informist, Wednesday, Sept. 2, 2026

 

--ACMA Singhania: Cos must move higher up the value chain
--CONTEXT: Comments by ACMA President Vikrampati Singhania at event in Delhi
--ACMA Singhania: Smaller cos must grow along with bigger cos

--ACMA Singhania: Factories must become global benchmark in productivity
 

NEW DELHI – Looking beyond the concept of 'Make in India', Indian automotive component companies must focus on "Create in India", "Engineer in India", and "Innovate in India", the president of Automotive Component Manufacturers Association of India, Vikrampati Singhania, said at the lobby body's 66th Annual Session on Wednesday. To bring about this change, companies must look to move higher up the value chain, take greater owenership of design, technology, and product development, Singhania said. 

 

"Our factories must become global benchmarks of productivity and quality," Singhania said. These companies should also focus on investing in people, alongside the technology, in order to churn out better outcomes, he said. 

 

For 2025-26 (Apr-Mar), ACMA recorded a turnover of INR 7.6 trillion, up 13% on year. This growth came on the back of focus on domestic vehicle production, steady export demand, and continued investments in manufacturing capacity and technology. "Our progress must extend across the supply chain. Our MSMEs (micro, small, and medium enterprises) and smaller suppliers must have the opporunity and grow with us," he said.

 

Singhania called on the automobile component companies to become globally competitive. Exports by Indian automobile part makers improved 5% to INR 2.12 trillion in FY26, as Europe emerged as the fastest-growing market. "Our approach has to be simple: build deeply in India," he said.

 

India has a large and growing domestic market along with engineering talent, manufacturing capability, entrepreneurial energy, and scale. This, Singhania said, is a combination that only a few countries provide simultaneously. "The opportunity is no longer incremental, it is generational," he said.

 

Alongside India, currently China, the US, Japan, Mexico, and Germany are among the biggest automobile component suppliers and exporter countries. For India, China was the largest auto part supplier in FY26, followed by Japan, Germany, and South Korea. Indian companies exported the most to the US, which accounted for around a quarter of India's overall component exports.  End

 

Reported by Anand JC and Pratyush Gupta

Edited by Akul Nishant Akhoury

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.