Agency | Nov 12, 2022 | Automobile News
AUTO EXPO COMPONENT 2023 is going to be held from 12- 15 Jan 2023 at Pragati Maidan, New Delhi, India. The Indian auto-components industry has experienced healthy growth over the last few years. The auto-components industry expanded by a CAGR of 3.28% over FY16 to FY20 to reach US$ 45.90 billion in FY21. The industry is expected to reach US$ 200 billion by FY26.
Due to high development prospects in all segm,ents of the vehicle industry, the auto component sector is expected to rise by double digits in FY22. Auto-components industry accounts for 7.1% of India's Gross Domestic Product (GDP) and employs as many as 5 million people directly and indirectly. A stable government framework, increased purchasing power, large domestic market, and an ever-increasing development in infrastructure have made India a favourable destination for investment.
For more Details contact :
Ms. Neelam Bhagat
Confederation of Indian Industry (CII)
Plot No. 249 F, Sector-18, Udyog Vihar, Phase-IV
Tel: +91-0124-4014060, 4014067
E-mail : firstname.lastname@example.org