Summary: India’s auto component industry plans investments of Rs. 25,000-30,000 crore (US$ 2.89 3.46 billion) in FY26, following Rs. 15,000-20,000 crore (US$ 1.73-2.31 billion) in FY25. Focus areas include capacity expansion, EV parts, new product development, and regulatory compliance, driven by strong demand from domestic Original Equipment Manufacturers (OEMs). India’s auto component industry, with 46 key companies and FY24 revenues of Rs. 3,00,000 crore (US$ 34.63 billion), expects 5-7% growth in FY25 and 7-9% in FY26. While exports face challenges, rising domestic demand and global vendor diversification boost long-term prospects through higher outsourcing and new platform supplies.

Source: IBEF

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