After years of growth, the exports of auto components declined for the first time.

For the year ended March 31, 2016, the shipments declined 3.7% to $10.8 billion as compared to $11.2 billion of previous year.

Exports had hiked by 10% in FY 15.

The exports of component declined in leading demand markets such as Europe, Africa and Asia. In FY 16, the exports to Europe which is the largest destination had decreased 6% to $3.88 billion.

Shipments to markets in Asia decreased 3% to $2.72 billion.

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