Page 18 - MMI - JanFeb 2021 single
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leadership, despite concerns of
H1 FY 2022: Exports Segmentation by Product Type
another wave of the pandem-
Consumables & Misc., 4% Cooling System, 1% ic, the industry is cautiously
Rubber Components, 1%
Interiors (non- optimistic about the prospects
Engine Components 0.96 1.88 +96% electronic), 6%
Body / Chassis / BiW 0.61 1.09 +79% of the Indian economy and
0.52 the Automotive sector for
Suspension & Braking +93%
0.99 Suspension &
Drive Transmission & Steering 1.71 3.12 +83% Braking, 11% H1 Drive Transmission & FY 2021-22. Auto component
Steering, 34%
Cooling System 0.07 +59% Electricals & Electronics, FY 22 manufacturers have now,
0.12
11%
0.71 by and large, recovered, and
Electricals & Electronics +37%
0.98
Rubber Components 0.08 +83% Body / Chassis / Engine Components, 20% the investment cycle has also
0.14
Interiors (non-electronic) 0.33 0.58 +79% BiW, 12% commenced. On the subject of
Consumables & Misc. 0.22 +72% H1 FY21 the Auto Component industry
0.37 H1 FY22
preparing to be future-ready,
Export-Import analysis of Indian auto-component industry
60 percent of the respondents
mentioned that they were al-
H1 FY 2022: Imports Segmentation by Product Type ready equipped to be part of
the EV supply chain, while the
Interiors (non- Consumables & rest would be ready in the next
Rubber Components, electronic), 4% Misc., 2%
Engine Components 0.96 1.55 +62% 6% two-odd years.”
Body / Chassis / BiW 0.61 0.75 +23% Electricals &
“Despite the 0.52 Electronics, 7%
slow offtake Suspension & Braking 0.64 +25% Key findings from the ACMA
Drive Transmission & Steering 1.71 2.80 +64% Engine Components,
in vehicles 0.07 H1 32% Industry Performance
sales due Cooling System 0.36 +388% Cooling System, 8% FY 22 Review for H1 2021-22:
to supply- Electricals & Electronics 0.71 1.23 +72% Drive Transmission & Exports: Exports of auto
Steering, 9%
side issues, Rubber Components 0.08 +159% Body / Chassis / BiW, components grew by 76
0.20
especially Interiors (non-electronic) 0.33 0.72 +121% Suspension & 18% percent to `68,746 crore (US$
in the first Consumables & Misc. 0.22 0.48 +120% H1 FY21 Braking, 14% 9.3 billion) in H1 2021-22 from
H1 FY22
quarter, `39,003 crore (US$ 5.2 billion) in
Export-Import analysis of Indian auto-component industry
the Auto H1 2020-21. Europe, accounting
Component Summary: H1 FY 2022 vs H1 FY 2021 for 31 percent of exports, saw
industry an increase of 81 percent,
demon-
strated a Figures in INR Crore H1 FY 2020 H1 FY 2021 H1 FY 2022 Growth Rate while North America and Asia,
1,53,297
76%
87,120
150,743
Auto Components Supply to OEMs
remarkable Aftermarket 36,607 31,116 38,895 25% accounting for 32 percent and
turn-around Exports 51,028 39,003 68,746 76% 25 percent, respectively, also
in the first Imports 56,066 37,710 64,310 71% registered an increase of 81 and
Industry Turnover 1,82,312 1,19,529 1,96,627 65%
half of FY 73 percent, respectively.
2021-22.” Figures in USD Billion H1 FY 2020 H1 FY 2021 H1 FY 2022 Growth Rate Imports: Imports of auto
Auto Components Supply to OEMs 22 11.6 20.7 78% components grew by 71 per-
Aftermarket 5.3 4.1 5.3 29%
Exports 7.4 5.2 9.3 79% cent from `37,710 crore (US$
Conversion rate:
Imports 8.2 5.0 8.7 74% 1 USD - INR 73.92 (FY H1 2022) 5.0 billion) in H1 2020-21 to
1 USD - INR 75.00 (FY H1 2021)
Industry Turnover 26.5 15.9 26.6 67% 1 USD - INR 68.50 (FY H1 2020) `64,310 crore (US$ 8.7 billion)
in H1 2021-22. Asia accounted
for 63 percent of imports,
Headwinds and Tailwinds followed by Europe and North
America, with 29 percent
Tailwinds Headwinds and 7 percent, respectively.
Impressive estimated GDP growth for FY 2022 Chip Shortage Imports from all geographies
Domestic demand continues to be strong Increasing Raw material prices witnessed a steep increase,
Improving manufacturing activities/increased Increasing Logistics costs/availability of
GST collection containers reflecting growth in domestic
manufacturing activities.
Emphasis on infrastructure development Stressed rural economy
Aftermarket: The Aftermarket
Surge in international demand/Exports Increasing Fuel prices
in H1 2021-22 witnessed a
Focus on clean and new technology New variant of Covid-19
growth of 25 percent to `38,895
Extension of FAME-II, announcement of ACC Lower RoDTEP rates crore (US$ 5.3 billion) from
and Auto PLIs
Source: ACMA New entrants in mobility space High GST rates on auto components `31,116 crore (US$ 4.1 billion) in
H1 2020-21.
18 | January-February 2022 Modern Manufacturing India
