Indian Auto Components Industry Grows To $33.8 Billion In First-Half of 2022-23: ACMA
- By Juili Eklahare
- December 21, 2022
Automotive Component Manufacturers Association of India (ACMA) announced the findings of its industry performance review today, for the first half of fiscal 2022-23. The turnover of the automotive components industry stood at $33.8 billion for the period April 2022 to September 2022, registering a growth of 34.8 percent, over the first half of the previous year. As per ACMA, the aftermarket in H1 2022-23 witnessed a growth of eight percent to $5.4 billion from $5.3 billion in H1 2021-22.
Commenting on the performance of the auto components industry in India, Vinnie Mehta, Director General, ACMA, said, “With vehicle sales and exports gaining traction, month-on-month, the auto components industry demonstrated a growth of 34.8 percent. Steady growth was witnessed in all the segments, from supply to OEMs to exports to the aftermarket. Exports grew by 8.6 percent to $10.1 billion while imports grew by 17.2 percent to $10.1 billion. The aftermarket, estimated at INR 420.07 billion, also witnessed a growth of eight percent. Component sales to OEMs in the domestic market grew by 46 percent to INR 2.23 trillion.”
Mehta went on to point out that Europe and North America remain the two primary export destinations. Exports to the CIS and Baltics fell sharply by 66 percent due to the war in Ukraine and the sanctions imposed in Russia, he said. “There has been a growth in electronics and electricals, thanks to the growing electric mobility,” Mehta added. “The usage of vehicles, for personal as well as commercial use, started to increase with recovery from the pandemic. The industry size surpassed pre-pandemic levels due to a combination of factors. For example, the surge in demand for new vehicles and used vehicles, shift in preferences towards larger/more powerful vehicles and an increase in commodity prices.”
Mehta also highlighted what holds good for the Indian auto components industry, like the domestic demand continuing to be strong, a focus on clean and new technology, new entrants in the mobility space, and more. He informed about aspects that do not work in favour of the industry and need to be overcome as well, such as the Russia-Ukraine war, the looming recession in Europe and the US, and high GST rates on auto components.
Sharing his insights, Sunjay Kapur, President, ACMA, and Chairman, Sona Comstar, said, “With vehicle sales across all segments reaching the pre-pandemic levels and moderation in the supply-side issues, such as availability of semiconductors, high input raw material costs and non-availability of containers, the auto components sector witnessed a steady growth in both domestic and the international markets in the first-half of FY2022-23. With the domestic manufacturing of vehicles and components gathering pace, imports also witnessed an uptick.”
Elaborating on the mood of the industry and outlook for the near to mid-term future, Kapur mentioned that going forward, he is optimistic that the current fiscal year will witness another good performance from the auto components sector. “Further, with growth in consumption of EVs, we are witnessing fast transformation of the auto components sector to be an integral part of the EV manufacturing supply chain,” he said. “The components industry is making steady investments as also acquiring technology companies. For a medium to long-term outlook, we need to be wary of the impending recession in Europe and the US as also the supply chain issues which are not fully behind us.”
Speaking about how the two-wheeler segment is flourishing, Kapur cited that the festive season was very positive for this segment. He explicated, “We hope that the two-wheeler segment will come back on the growth track. This segment is also giving speed in terms of electrification.”
With the Covid surge in China, Kapur shared that they have battened down the hatches. “We are well-prepared for scenarios where we see some kind of uncertainty,” he expressed. “Also, as we continue to localise and invest in new technologies, we hope to reduce our dependence on other countries.”
Hyundai Mobis India Introduces Genuine Range Of Accessories For New Venue C-SUV
- By MT Bureau
- November 05, 2025
Hyundai Mobis India, the component business of Hyundai Motor Company, has introduced a complete range of Genuine Accessories for the all-new Hyundai Venue C-SUV.
The new range of accessories includes front and rear bumper extenders, body side moulding, C-pillar scoop and twin hood scoop to provide more personalisation option for Venue C-SUV customers. The range also includes Door Edge Guard, Window Beading, Door Handle Chrome, Door Visor, Hood branding, ORVM Garnish, Sidestep, Door Sill Guard and Rear Sill Guard.
The company has also launched Carpet Mat Premium, which is made from 100 percent recycled nylon.
Myeong Jae Lee, Head of After Sales Parts Business Division at Mobis India, said, “At Mobis India, our focus has always been on enhancing customer satisfaction through innovation, quality, and care. The new Hyundai Venue accessories, including the distinctive body kit and lifestyle range, are designed to make every journey more stylish, safe and comfortable. In line with our commitment to sustainability, we are proud to introduce the ‘Carpet Mat Premium’, crafted entirely from 100 percent recycled nylon.”
Shell Leads Global Lubricants Market for 19th Year
- By MT Bureau
- November 04, 2025
Shell Lubricants has announced that it has maintained its status as the world's leading supplier of finished lubricants for 19 consecutive years, according to the 23rd edition of the Global Lubricants: Market Analysis and Assessment 2025 report by Kline & Company (Kline).
The report ranks Shell as the number one global lubricants supplier based on finished lubricants sales volumes across automotive and industrial segments worldwide. Shell held a global market share of 11.6 percent, with sales in 2024 split evenly across segments: 37 percent consumer automotive, 32 percent industrial and 31 percent commercial automotive. Shell secured the number one ranking in all three categories: consumer automotive, commercial automotive and industrial.
The Kline report assesses the use of lubricants across end-use industries and emerging market trends such as electric vehicles (EVs) and immersion cooling fluids (ICFs).
Shell attributes its market position to investments in premium and differentiated products, including Shell Helix passenger car motor oil, Shell Rimula truck and heavy-duty engine oils, and Shell Tellus and Shell Gadus for industrial sectors.
In 2025, Shell Helix Ultra upgraded to the latest API SQ specifications, followed by the launch of Shell Advance Ultra with API SP for motorcycles and scooters. The company also renewed its partnership with BMW M Motorsport.
In the industrial sector, Shell introduced DLC Fluid S3, a Direct Liquid Cooling solution for high-performance computing and AI. Shell Lubricants also achieved an industry first when its immersion cooling fluids received Intel certification, enabling their use in data centres worldwide.
Jason Wong, Global Executive Vice-President, Shell Lubricants, said, “At nineteen consecutive years of leadership as the number one global supplier of finished lubricants, we remain focused on the ability of lubricants to power progress across consumer, commercial and industrial applications. Our aim is to become the most customer-focused energy marketer and trader, and we continue to invest in premium, high-efficiency products. These offerings create long- term value in areas where we have market leadership and competitive advantages.”
Sushmita Dutta, Senior Project Manager at Kline, stated, “To maintain the number one position in the global lubricants market for nineteen consecutive years is a remarkable achievement. Our analysis shows that Shell’s success is built on a consistent strategy: investing in technologically advanced, premium products and building lasting relationships with customers across all sectors."
Steelbird Launches IGNYTE Airlite Series Helmet With ECE & DOT Certification At INR 6,649
- By MT Bureau
- November 04, 2025
IGNYTE, the premium helmet brand from Steelbird Hi-Tech India, one of the world’s largest helmet manufacturers, has unveiled the Airlite Series at prices starting INR 6,649.
The company claims that the Airlite series, weighing as low as 900 grams and 800 grams, is ECE 22.06 and DOT certified. It includes the flagship models AI-10 and AI-14 emerge as the world’s lightest homologated motorcycle helmets, providing less fatigue to riders while ensuring superior impact protection.
The Airlite helmets are manufactured using IGNYTE’s proprietary balloon moulding technology and features a multi-impact Expanded Polypropylene (EPP) liner. It incorporates ultra-light fiberglass composite shell developed through advanced balloon moulding technology, which ensures controlled resin distribution and uniform thickness across the surface. The multi-layered EPP liner absorbs and disperses energy efficiently, rebounds after impact and provides lasting multi-impact protection. The helmets are available with Double D-Ring and Micrometric Buckle retention systems.
Furthermore, Steelbird claims that these helmets feature a premium interior made from imported, anti-allergic fabric that is both replaceable and washable. The optical-grade polycarbonate visor offers distortion-free visibility, scratch resistance and UV protection for superior clarity on every ride.
Kashish Kapur, Director, IGNYTE, said, “With the Airlite Series, we are redefining what riders can expect from premium helmets. The AI-10 and AI-14 combine world-class safety, ultra-light engineering, and cutting-edge materials to deliver an unmatched riding experience. At IGNYTE, our goal has always been to elevate safety without compromising comfort or style — the Airlite Series is a true embodiment of that philosophy.”
Uno Minda Launches Multi-Channel Car Dash Cam DVRs
- By MT Bureau
- October 30, 2025
Tier 1 automotive supplier Uno Minda has launched its next-generation 2-Way and 3-Way Car Dash Cam DVRs in the Indian aftermarket. The launch meets the growing demand for in-car safety technology and reliable evidence in the event of accidents.
The new DVRs offer multi-channel recording with up to 4K Ultra HD resolution, aiming to provide smarter and safer driving experiences for consumers.
The new dash cams feature advanced capabilities for comprehensive road coverage:
The two new Car Dash Cam DVR models feature a Gravity Sensor that automatically locks footage during impacts. The top-tier 3-Way Car Dash Cam DVR, available for INR 14,999 (including a one-year warranty), offers Triple Channel Recording with up to 4K/2K Ultra HD for the front camera and 1K resolution for both the in-cabin and rear cameras for all-round coverage, alongside a 120degree–140degree Wide Field of View to minimise blind spots. In contrast, the 2-Way Car Dash Cam DVR, priced at INR 12,999, provides Dual Channel Recording with 4K Ultra HD from the front and 1K from the rear camera for journey coverage, and features a 160-degree Wide-Angle Lens that captures a broader view of the road.
Karna Markan, Head – Sales & Distribution (Accessories), Uno Minda (Aftermarket), said, “At Uno Minda, our mission is to bring advanced automotive technology into the hands of everyday consumers, making driving safer, more convenient, and more enjoyable. These advanced DVRs are designed to offer multi-channel recording with upto 4K Ultra HD resolution, view recorded videos wirelessly on mobile phone, and advanced safety features, ensuring a smarter and safer driving experience. These products represent a significant step forward in providing consumers with reliable and easy-to-use aftermarket solutions that enhance both safety and driving confidence.”

Comments (0)
ADD COMMENT