Page 16 - MMI - JanFeb 2021 single

H1 FY 2022 : Auto Components Industry Performance
Size of industry | INR Cr (USD Bn) +
Sales to OEMs + Aftermarket Balance of Trade
+14.5%
-11.7% 65%
+18.3% 395,902 (57.1) -3% -34%
345,635 (51.2) 349,637 (49.3) 340,733 (45.9) 1,82,312 (26.5) 1,96,627 (26.6)
292,184 (43.5)
1,19,529 (15.9)

FY17 FY18 FY19 FY20 FY21 H1 FY 20 H1 FY 21 H1 FY 22
H1 FY22 – Auto Components Industry Performance
• The impact of the second wave wasn’t as severe compared to the first wave.
• Supply side constraints – non availability of semiconductors, rising cost of raw materials and logistics challenges continue to
hamper recovery
• Surge in international demand resulted in a positive trade balance.

H1 FY 2022: Exports & Imports - Balance of Trade
India recorded a trade surplus in H1- strong demand for exports
H1 FY22
“On the Exports ($ Bn) EXIM Performance
subject of Source: ACMA 13% -5% -30% +79% 9.3 • $600 Mn trade surplus in H1 FY22 vs.
$200 Mn surplus in H1 FY21
the Auto 23% 13.5 15.2 14.5 -8% 13.3 7.4 5.2 • Exports rose by ~79% on account of a
Component “The Auto Component industry 10.9 diminished impact of the second
has displayed remarkable resilien-
industry ce. Increased value-addition to FY17 FY18 FY19 H1 FY20 H1 FY21 H1 FY22 • wave on foreign markets
~74% increase in imports Y-o-Y:
preparing meet regulatory compliance, fast Imports ($ Bn) FY20 FY21 higher demand in the domestic
to be fu- recovery in external markets, and -38% +74% market compared to H1 FY21, supply
chain deficiencies globally
ture-ready, traction in the domestic aftermar- 18% 15.9 11% 17.7 -13% -11% 8.2 8.7 • Increases demand for luxury vehicles
ket market have contributed to the
60 percent growth of the sector in the first 13.5 15.4 13.8 5.0 and high-end cars in domestic market
aided the demand for component
of the half of FY 2021-22.” imports
respondents Sunjay Kapur FY17 FY18 FY19 FY20 FY21 H1 FY20 H1 FY21 H1 FY22
mentioned President
that they ACMA H1 FY 2022: Region wise Exports
were already
Latin America,
equipped Africa, 5% 5% CIS & Baltics, H1 FY2022 –
1%
Export performance
to be part While the performance of the • Europe and North America remain the two
of the EV Vehicle industry during the Total Exports in H1 FY 2022 America, 32% primary export destinations, together
North
USD 9.3 Billion
accounting for ~63% of exports and both
H1
supply chain, festive season has not been on Asia, 25% FY 22 having outperformed the market average
growth.
while the the expected lines, there are • Exports to Africa underperformed as Africa
rest would indications that the vehicle Europe, 31% was amongst the hardest hit among regions
by the second wave.
be ready
in the next demand, in the coming months, +81% +81% Regional view ($ Bn)
two-odd will improve. This, together -27% 2,970 -28% 2,903 -33% +73%
years.” with the increased focus by 2,250 1,639 2,231 1,608 1,995 1,346 2,325 +50% +119%
the Auto industry on deep -28% -49% -23% +77% H1 FY20
427 306 460 424 217 477 95 73 129 H1 FY21
localization and the recent North America Europe Asia Africa Latin America CIS & Baltics H1 FY22
announcements of PLI schemes
by the Government on Ad- H1 FY 2022: Country wise Exports
vanced Chemistry Cell (ACC)
Batteries and Auto & Auto Top 10 Countries Share of Ex
H1-FY22
Components, will facilitate the Germany 28%
U S A
8%
creation of a state-of-the-art Others H1 Thailand 4%
36%
automotive value chain and FY 22 Turkey 4%
U K
4%
Top 10 Countries Italy 4%
developing India into an attrac- 64% Brazil 3%
tive alternative source of high- Bangladesh Pr 3%
Mexico 3%
end auto components.” China P Rp 3%
+82% Top 10 countries ($ Mn)
Elaborating on the mood of the -25% 2,599
industry and the outlook for 1,899
1,430 +68% +107% +63% +94% +113% +112% +94% +75%
the near to mid-term future, -20% -34% -12% -40% -37% -44% -34% -40% +42%
709 -42% H1 FY20
Kapur mentioned, “According 527 421 293 193 399 250 221 360 303 182 354 258 162 344 272 153 324 243 159 310 250 151 265 221 128 183 H1 FY21 Source: ACMA
H1 FY22
to a recent survey of ACMA United States Germany Thailand Turkey UK Italy Brazil Bangladesh Mexico UAE
16 | January-February 2022 Modern Manufacturing India