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Total revenue of auto parts industry falls 3% in FY21 due to pandemic, slowdown

city New Delhi India covid-19 pandemic economy
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NEW DELHI : Cumulative revenue of automotive component manufacturing sector has declined by 3% to ₹3.40 trillion in FY21 as result of the sharp decline in production and sales in the first half of the fiscal due to stringent nationwide lockdowns announced to contain the covid-19 pandemic, according to data released by Automotive Component Manufacturers Association (ACMA) on Tuesday.

The decline, though, was in low single digit due to recovery in production in the second half of the year for both domestic and export markets.

The sector reported a cumulative topline of ₹3.49 trillion in FY20, which was decline of 11.7% from ₹3.95 trillion in FY19. As economic activity gained momentum after the first lockdown, passenger vehicle and

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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