India Automotive Components Industry Trends, Size, Growth, Report, Outlook, Market Share and Statistics 2025-2033
India Automotive Components Market 2025-2033
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 55.90 Billion
Market Forecast in 2033: USD 80.53 Billion
Market Growth Rate: 4.14% (2025-2033)
The India automotive components market size reached USD 55.90 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 80.53 Billion by 2033, exhibiting a growth rate (CAGR) of 4.14% during 2025-2033
India Automotive Components Market Trends:
The India Automotive Components Market is currently experiencing an exciting transformation, fueled by the surge in electric vehicles (EVs), advancements in connected technologies, and a greater emphasis on local manufacturing. A key trend is the move towards components specifically designed for EVs, such as battery management systems, electric powertrains, and lightweight materials, as original equipment manufacturers (OEMs) shift their focus to cleaner mobility solutions. Additionally, the swift uptake of advanced driver-assistance systems (ADAS) and telematics is driving innovation in electronic and sensor-based components.
There's also a rising demand for modular architecture that allows for mass customization, giving suppliers the ability to offer more flexibility to manufacturers. Sustainability is now a major priority, leading companies to embrace eco-friendly practices like recycling, energy-efficient production, and green sourcing. Moreover, initiatives like Make in India and the Production Linked Incentive (PLI) scheme are solidifying India’s status as a preferred global manufacturing hub, attracting foreign investments and facilitating technology transfer from international players. The increasing emphasis on aftermarket solutions, particularly for two-wheelers and commercial vehicles, is further broadening the component portfolio. All in all, the market is being reshaped by digital transformation, regulatory requirements, and a stronger drive for homegrown innovation and competitiveness.
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India Automotive Components Market Scope and Growth Analysis:
The India Automotive Components Market is on a promising growth trajectory, driven by the country's changing mobility landscape, supportive government initiatives, and a surge in vehicle production. This sector enjoys a strong domestic demand, an expanding export market, and a push for localization from both global and regional OEMs. Plus, the rise of electric mobility is opening up fresh opportunities for component manufacturers, especially those focused on batteries, motors, and related control systems. There's also a growing focus on sustainability and energy efficiency, which is spurring investment in research and development as well as the adoption of clean technologies.
On top of that, the growth in the aftermarket and replacement segment—thanks to increased vehicle usage, longer lifespans, and digital sales channels—is helping diversify revenue streams. Furthermore, initiatives like the Automotive Mission Plan and incentives from the FAME scheme are speeding up growth and innovation in the sector. Tier-1 and Tier-2 suppliers are stepping up their investments in automation and quality improvements to meet global standards, paving the way for international exports. The market is also reaping the benefits of advancements in supply chain optimization and logistics infrastructure. With more multinational companies getting involved and a solid engineering foundation, India is set to become a global powerhouse in automotive component manufacturing.
India Automotive Components Market Research Report Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India Automotive Components Market share It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Vehicle Type Insights:
- Passenger Cars
- Two-Wheelers
- Three-Wheelers
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Off the Road Vehicles
Component Insights:
- Engine Parts
- Body and Chassis
- Suspension and Brakes
- Drive Transmission and Steering Parts
- Electrical Parts and Equipments
Demand Category Insights:
- OEM
- Replacement
Regional Insights:
- North India
- South India
- East India
- West India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Other key areas covered in the report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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