According to a report by Prabhudas Lilladher Capital, India exported $2.6 billion of automobiles and ancillaries to the US in FY24. The export of ancillaries at $2.1 billion was 80% of the category export to the US. A report by Crisil highlighted that the US forms a significant 28% of the auto component exports from India.
FII flows turn positive; long-term capital returning to India: Sachin Shah
Emkay Investment Managers’ Sachin Shah highlights a mega-trend of US corporates diversifying supply chains globally, benefiting countries like India. He believes India is poised to