Automotive Component Manufacturers Association of India (ACMA) announced the findings of its industry performance review today, for the first half of fiscal 2022-23. The turnover of the automotive components industry stood at $33.8 billion for the period April 2022 to September 2022, registering a growth of 34.8 percent, over the first half of the previous year. As per ACMA, the aftermarket in H1 2022-23 witnessed a growth of eight percent to $5.4 billion from $5.3 billion in H1 2021-22.

Commenting on the performance of the auto components industry in India, Vinnie Mehta, Director General, ACMA, said, “With vehicle sales and exports gaining traction, month-on-month, the auto components industry demonstrated a growth of 34.8 percent. Steady growth was witnessed in all the segments, from supply to OEMs to exports to the aftermarket. Exports grew by 8.6 percent to $10.1 billion while imports grew by 17.2 percent to $10.1 billion. The aftermarket, estimated at INR 420.07 billion, also witnessed a growth of eight percent. Component sales to OEMs in the domestic market grew by 46 percent to INR 2.23 trillion.”

Mehta went on to point out that Europe and North America remain the two primary export destinations. Exports to the CIS and Baltics fell sharply by 66 percent due to the war in Ukraine and the sanctions imposed in Russia, he said. “There has been a growth in electronics and electricals, thanks to the growing electric mobility,” Mehta added. “The usage of vehicles, for personal as well as commercial use, started to increase with recovery from the pandemic. The industry size surpassed pre-pandemic levels due to a combination of factors. For example, the surge in demand for new vehicles and used vehicles, shift in preferences towards larger/more powerful vehicles and an increase in commodity prices.”

Mehta also highlighted what holds good for the Indian auto components industry, like the domestic demand continuing to be strong, a focus on clean and new technology, new entrants in the mobility space, and more. He informed about aspects that do not work in favour of the industry and need to be overcome as well, such as the Russia-Ukraine war, the looming recession in Europe and the US, and high GST rates on auto components.

Sharing his insights, Sunjay Kapur, President, ACMA, and Chairman, Sona Comstar, said, “With vehicle sales across all segments reaching the pre-pandemic levels and moderation in the supply-side issues, such as availability of semiconductors, high input raw material costs and non-availability of containers, the auto components sector witnessed a steady growth in both domestic and the international markets in the first-half of FY2022-23. With the domestic manufacturing of vehicles and components gathering pace, imports also witnessed an uptick.”

Elaborating on the mood of the industry and outlook for the near to mid-term future, Kapur mentioned that going forward, he is optimistic that the current fiscal year will witness another good performance from the auto components sector. “Further, with growth in consumption of EVs, we are witnessing fast transformation of the auto components sector to be an integral part of the EV manufacturing supply chain,” he said. “The components industry is making steady investments as also acquiring technology companies. For a medium to long-term outlook, we need to be wary of the impending recession in Europe and the US as also the supply chain issues which are not fully behind us.”

Speaking about how the two-wheeler segment is flourishing, Kapur cited that the festive season was very positive for this segment. He explicated, “We hope that the two-wheeler segment will come back on the growth track. This segment is also giving speed in terms of electrification.”

With the Covid surge in China, Kapur shared that they have battened down the hatches. “We are well-prepared for scenarios where we see some kind of uncertainty,” he expressed. “Also, as we continue to localise and invest in new technologies, we hope to reduce our dependence on other countries.”

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Schaeffler India has launched the fourth edition of its Social Innovator Fellowship Program under its CSR initiative, HOPE. The programme aims to support young innovators aged 18 to 35 who are working on scalable solutions to address environmental and societal challenges.

Ten selected fellows will receive a grant of INR 175,000 each and participate in a 24-week hybrid mentorship programme at IIMA Ventures. The fellowship includes access to Schaeffler India’s innovation network and resources to help scale their projects.

Applications are open to individuals, groups, institutions and both for-profit and non-profit organisations across India. The focus areas include environmental sustainability, renewable energy, carbon neutrality, circular economy, natural resource management and the use of technology in the social sector. Applicants must present a working prototype, a clear target audience and a roadmap for growth and viability.

A multi-stage selection process, including interviews and a final pitch, will be conducted by a jury comprising Schaeffler India leadership and India Accelerator experts.

Harsha Kadam, Managing Director & CEO, Schaeffler India, said, “At Schaeffler India, we truly believe in innovation and development, and we have been investing in inclusive and sustainable programs. Through structured initiatives such as HOPE, we aim to empower and nurture visionary young innovators with a pioneering spirit who are developing technology-driven solutions for social sectors and environmental issues, making a meaningful difference through their unique approaches. Schaeffler aims to be both an enabler and catalyst in solving these issues, affirming its belief in innovation as a force for equitable progress”.

Shibi Mathew, Head of HR and CSR, added, “We are deeply committed to advancing the meaningful progress of our communities. We proudly announce the launch of the Schaeffler India Social Innovator Fellowship Program for 2025, with the primary aim of harnessing and supporting the pioneering spirit of young and passionate innovators across India. This program offers a remarkable opportunity for talented individuals to bring improvements to social and ecological issues through their innovative solutions. We eagerly await the participation of outstanding leaders who will demonstrate a strong commitment to developing transformative solutions, resulting in more resilient systems, empowered communities, and positively impacted lives.”

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Tier 1 supplier Uno Minda has introduced its new range of advanced LED indicators for motorcycles in the Indian aftermarket at INR 1,137. These innovative blinkers aim to enhance both the aesthetic appeal and on-road safety for riders.

Designed to complement traditional motorcycles, the new LED indicators promise straightforward installation, improved visibility and enhanced durability. Uno Minda highlights their high-visibility lighting, which significantly boosts safety in low-light and busy traffic conditions. The indicators also boast an IP67 rating, making them waterproof and dustproof, capable of withstanding various weather and road conditions.

Anand Kumar, Vice President – Sales & Marketing, Aftermarket Domain, Uno Minda, said, “At Uno Minda, we are committed to delivering solutions which help the modern motorcycle rider. Our new LED blinkers for Royal motorcycles offer superior safety, durability, and aesthetics, ensuring riders experience the best in performance and reliability. This launch is part of our ‘Driving the New Technology’ initiative, under which we aim to consistently introduce innovative, performance-driven products to the Indian aftermarket. With an IP67 rating, these LED blinkers are built to endure even the toughest weather conditions. Waterproof and dustproof, they are designed to function reliably in rain, snow, or dust, ensuring long-term durability and performance, regardless of the environment. The LED blinkers are designed with a sleek, unique look that effortlessly enhances the iconic Royal Motorcycles style and serves as a perfect aesthetic and functional upgrade, as these blinkers significantly improve rider safety by increasing visibility in low-light and high-traffic conditions, reducing the risk of accidents.”

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Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has further strengthened its aftersales network with the inauguration of its 5,500th service touchpoint in Udaipur, Rajasthan.

Interestingly, in FY2025, the company serviced over 27 million vehicles, and with the new facility, it now has around 40,000 service bays across the country. Furthermore, Maruti Suzuki India aims to add around 500 more service touchpoints in FY2026.

Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India, said, “One of the key factors most customers consider when purchasing a new car is the availability of a proximate and convenient service workshop, one that offers genuine and reliable service at a reasonable price, giving them total peace of mind. To meet this need, we have been able to establish 5,500 service touchpoints across 2,764 cities, with the help of our dealer partners. In FY 2024-25, we added 460 new service touchpoints, which is more than one every single day. We plan to continue these efforts and aim to add around 500 new service touchpoints during this financial year, of which we have already set up 91 touchpoints.”

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Steelbird Helmets, one of the largest two-wheeler helmet manufacturers, has launched the SXE helmet at INR 3,599.

The SXE, the company claims, is India’s first motorcycle helmet equipped with advanced impact protection technology featuring a tough, high-impact ABS shell reinforced with advanced fibre composites, coupled with a Black EPS (Expanded Polystyrene) liner and a shock-absorbing TPE (Thermoplastic Elastomer) layer.

This advanced multi-layered liner system the company shared efficiently controls both linear and rotational forces during crashes, offering superior protection and enhanced rider safety.

It is said to reduce rotational impact forces by around 20 percent as the SXE helmet is said to be specially designed for enhanced impact management and to ensure efficient energy distribution during high-speed collisions, significantly reducing peak head acceleration and minimising the risk of traumatic brain injuries (TBI).

The SXE is BIS IS 4151:2015 and DOT FMVSS 218 (Department of Transportation, USA) certified .

Steelbird Helmets stated that it is engineered for peak performance, safety and style, featuring a sleek aerodynamic shell that minimises wind resistance, reduces rider fatigue and ensures a comfortable experience during high-speed and extended journeys. Precision airflow ventilation with multiple intake and exhaust vents delivers optimal climate control, while sound insulation reduces wind and road noise for enhanced comfort. Inside, its breathable, hypoallergenic fabric padding and thermoformed structure offer hygienic, lasting comfort, with mesh zones managing sweat and heat. Reflective fabric inserts, including a prominent neck strip, improve night-time visibility and a micrometric buckle provides quick, secure fastening.

Adding to its versatility, the SXE boasts a dual visor setup with a scratch-resistant clear visor and an additional smoke visor for changing light conditions, alongside an inner sun shield for instant protection from glare. The Pinlock-ready visor guarantees clear, fog-free vision in all environments. A signature Eco-dome technology logo elevates the helmet’s premium look. The helmet is available in over 13 colour choices in painted and dynamic decal versions, and sizes from S (560) to XL (620).

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