The Indian auto component industry grew at an annualized rate of 11% in 2014-15, with revenues growing at the highest rate in four years to Rs. 2,340 crore on the back of growing demand from the domestic market and overseas buyers in the US and Europe. 2013-14 The sector grew at 2% per annum, with passenger cars (4%), commercial vehicles (16%) and two-wheelers (8%) all registering volume growth. Sales of watches. …