Indian component industry reports 15.7% y/y growth in FY2011-12

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Expects growth to slow down to 8 to 10% in 2012-13

The Indian auto component industry reported a year-on-year (y/y) growth of 15.7% to INR2.1trn (USD40.3bn, 31 March 2012), the Automotive Component Manufacturer Association of India (ACMA) said in its ‘Industry Performance Review’ for financial year (FY) 2011-12.

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