Job Prospects the Indian Auto Components Industry Holds

Amidst the talks of electric mobility closing down the auto components industry in India, the country is touching great growth numbers and has generated great stature in the key global auto markets including, Japan, Korea, and Europe. As per the recent statistics of Automotive Component Manufacturers Association of India (ACMA), the auto components industry touched Rs 2.92 lakh crores market value in the year 2016 and even the exports reflected an increase of 3.1% which then made it reach the Rs 70,916 crore level. The growth chart is predicted to continue to rise high and touch US$ 115 billion by 2020-21. These continued uphill growth trends clearly indicate huge employment opportunities in this industry.

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