Article

A joint study by ACMA and BCG indicates that India's auto component sector, valued at approximately $80 billion, is rapidly adopting smart factory technologies. Over two-thirds of companies are in advanced stages of implementation, leading to productivity gains and quality improvements.

The industry seeks to reach $100 billion in exports by FY 2030, driven by global OEM demands for higher standards. Digital transformation is essential for competitiveness, with priorities on automation, predictive maintenance, and supply chain management. The study stresses the importance of data quality and leadership commitment for successful implementation.