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An auto parts manufacturer’s revenue reaches a record $70 billion

An auto parts manufacturer’s revenue reaches a record $70 billion

The demand for high value-added components for the domestic market significantly increased in 2022–2023, according to data released on Monday by the apex industry body for automotive components, the Automotive Component Manufacturers Association of India (ACMA). This resulted in a record turnover for the country’s automotive components sector of $69.7 billion. Despite exports to North…

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