India’s auto-component trade balance swung from a $453-million surplus in FY25 to a $1.37-billion deficit in FY26 as imports jumped 13% to $25.4 billion

India’s auto-component trade balance swung from a $453-million surplus in FY25 to a $1.37-billion deficit in FY26 as imports jumped 13% to $25.4 billion

India's auto component sector aims for $200 billion turnover by FY30. Achieving this goal requires greater resilience against rising costs and shortages. The industry has seen…