Particle.news
Download on the App Store
5 ARTICLES
·
5mo ago

Auto Component Growth Holds in H1 FY26 as US Tariffs Freeze New Orders

US tariffs have stalled new contracts, leaving a slight H1 trade deficit.

Image
Image

Overview

  • Industry turnover reached Rs 3.56 lakh crore in April–September FY26, up 6.8% year-on-year, according to ACMA.
  • Sales to OEMs rose 7.3% to Rs 3.04 lakh crore and the aftermarket grew 9% to Rs 53,160 crore.
  • Exports increased 9.3% to $12.1 billion while imports rose about 12.5% to $12.3 billion, resulting in a trade deficit of roughly $180–200 million.
  • ACMA said US automakers have put new orders on hold following last year’s tariff actions, with existing supply lines steady and a later clarification setting many categories at a uniform 25% duty.
  • Industry leaders cited rupee depreciation and GST rationalisation as cushions for domestic demand, while companies pursue localisation, capacity and technology upgrades as EV-related supplies reached 4.6% of OEM deliveries.