Chip crunch, commodity costs hit auto component companies in H1FY22: ACMA

Exports, aftermarket help keep momentum intact, says Automotive Component Manufacturers Association of India

India’s auto component industry does not expect a respite from the ongoing shortage of semiconductors and a persistent inflationary trend in commodity prices any time soon.

The two factors, which affected the industry’s turnover in the first half of the ongoing fiscal year, will continue to mount pressure on auto component firms even as demand, at least in the foreseeable future, is expected to remain strong, said Sunjay Kapur, the president, Automotive Component Manufacturers Association of India (ACMA). 

“The semiconductor issue is not resolved yet. It will take some time. This is the sense we are getting seeing the production