India Automotive Components Market, By Region, Competition, Forecast & Opportunities, 2021-2031F

The India Automotive Components Market was valued at USD 82.7 Billion in 2025, and is expected to reach USD 136.0 Billion by 2031, rising at a CAGR of 10.50%. The market is witnessing dynamic growth due to rising vehicle production, evolving consumer demand, and accelerating adoption of electric and hybrid technologies. Increased output of passenger and commercial vehicles is directly driving demand for a wide array of components including engines, electronics, and drivetrains. At the same time, manufacturers are focusing on innovation to meet requirements for fuel efficiency, reduced emissions, and integration of advanced infotainment and safety systems. The ongoing shift toward automation and digitalization in manufacturing is further enhancing component quality and productivity while optimizing costs. These combined trends are fostering a robust ecosystem for automotive component suppliers, OEMs, and aftermarket players.

Key Market Drivers

Growth in Vehicle Production

The rising production of vehicles in India serves as a core driver for the automotive components market. As demand for passenger and commercial vehicles increases, so does the requirement for essential parts such as engines, transmissions, electronic modules, and safety systems. Automakers are launching a greater variety of models to cater to diverse consumer preferences, leading to increased complexity and volume of component sourcing. This environment benefits component manufacturers through higher order volumes and long-term supply agreements with OEMs. Additionally, the push for electric mobility has spurred the establishment of extensive EV infrastructure - including the government's approval of 2,877 charging stations across states and 1,576 along major highways. This development accelerates the need for specialized components like charging connectors, EV drive systems, and thermal management solutions, further boosting market demand across multiple segments.

Key Market Challenges

Complex Supply Chains

Managing the intricacies of the automotive supply chain presents a considerable challenge for component manufacturers. The production process involves coordination across numerous suppliers, sub-assemblies, and raw material inputs - requiring seamless logistics and precise timing. Any disruption, whether due to material shortages, geopolitical factors, or transportation delays, can hinder production schedules and inflate costs. Maintaining quality assurance across the supply chain while managing supplier reliability and inventory turnover remains critical. The pressure to ensure just-in-time delivery models, especially for OEMs, demands robust planning and resilience-building strategies to minimize risks and maintain operational continuity.

Key Market Trends

Integration of IoT and Connectivity

A defining trend in the India automotive components market is the growing integration of Internet of Things (IoT) and connectivity features. The rise of connected vehicles is driving demand for components that enable real-time communication, diagnostics, and vehicle-to-everything (V2X) systems. Sensors, telematics modules, embedded software, and over-the-air update capabilities are becoming essential features across vehicle categories. These technologies support enhanced safety, predictive maintenance, and user-centric infotainment experiences. Component suppliers are now developing smart systems that can communicate with both internal vehicle systems and external infrastructure, positioning connectivity as a central focus of future product development.

Key Market Players

• Bosch Limited
• Samvardhana Motherson International Limited
• Bharat Forge Limited
• Sundaram-Clayton Limited
• Amara Raja Batteries Limited
• Exide Industries Limited
• Varroc Engineering Limited
• UNO Minda Limited
• Endurance Technologies Limited
• Pricol Limited

Report Scope:

In this report, the India Automotive Components Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Automotive Components Market, By Vehicle Type:

• Passenger Cars
• Commercial Vehicles

India Automotive Components Market, By Component:

• Engine Parts
• Body & Chassis, Suspension & Brakes
• Drive Transmission & Steering Parts
• Electrical Parts and Equipment

India Automotive Components Market, By Demand Category:

• OEM
• Replacement

India Automotive Components Market, By Region:

• North
• East
• West
• South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Automotive Components Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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