India’s Auto Component Industry

India's auto-component (ACM) sector is likely to register robust growth. The ACM industry in India has traditionally been a substantial contributor to the national GDP and employs over 50 lakh people. The industry’s revenue is estimated to rise from US$ 49 billion in FY20 to US$ 67 billion in FY25. The passenger vehicle (PV) segment receives 45% of the ACM supply, while 2W gets 20%. The overall industry accounts for 7.1% of the national GDP and contributes 49% to the manufacturing GDP of India. The market is gearing towards more excellent localization, and players are looking to increase their presence in used cars, aftermarket, and export segments.

The Auto Component Industry report discusses the key trends impacting the ACM industry, the historical growth of major segments of the auto-components market, and strategic initiatives undertaken by some of the key players in each segment in this report. We have also highlighted fresh demand segments and discussed the factors that drive them. This report further underlines the need for technology upgrades, standardization, and integration across the automotive supply chain to help suppliers grow in the present market.