India’s US$ 74 Bn Auto Component Sector Set for Overhaul as GST 2.0, Customs Reforms and Indo-Japan FTA Reshape Industry - Republic World

Over the past five years (FY20–FY25), the auto parts industry has grown at a compound annual growth rate (CAGR) of 14%, underscoring its steady rise in both domestic and global markets. | Image: Republic India’s US$ 74 billion auto component ecosystem is entering a phase of structural reset as a combination of GST reforms, targeted customs duty changes and a deeper Indo–Japan economic partnership…