India Automotive Components Market Growth, Size, Outlook and Report 2025-2033

As indicated in the latest market research report published by IMARC Group, titled "India Automotive Components Market Report by Vehicle Type (Passenger Cars, Two-Wheelers, Three-Wheelers, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Off the Road Vehicles), Component (Engine Parts, Body and Chassis, Suspension and Brakes, Drive Transmission and Steering Parts, Electrical Parts and Equipments), Demand Category (OEM, Replacement), and Region 2025-2033," the report presents a thorough review featuring the India automotive components market growth, share, trends, and research of the industry.

Market Size & Future Growth Potential:

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.

Latest Market Trends:

The India Automotive Components Market is revolutionizing and this change is all the more because the market has undergone a major impact due to technological innovation and changing consumer preferences. One of the major trends is the electric vehicle (EV) industry's strategic shift to electrics that is forcing manufacturers to come up with high-tech batteries, electric drivetrains, and other power electronics for this new but quickly growing area to grab the consumer base.

Besides, the need for better fuel efficiency along with stricter emission standards (such as BS6) is leading to the use of lightweight materials like high-strength plastics and aluminum alloys in place of traditional steel to bring down the weight of vehicles. Besides, the smart technology implantation that once used to be a mere luxury is now the standard requirement that is attracting electronic gadgets, sensors, and embedded software usage in the field of ADAS, connected car features, and in-vehicle infotainment.

The above-illustrated technological infusion is made even more effective by the application of global supply chain best practices like Industry 4.0 and automation that help companies to achieve higher precision in their manufacturing process, lower costs and improve product quality. Besides, export is also playing an important role in the market.

Thus, Indian auto component manufacturers are showing their know-how, low-cost competitiveness, and ability of complying with strict quality requirements of international OEMs, which, in turn, is reaping the fruits for India as a country that more and more firms around the globe take into consideration when looking for a dependable global sourcing hub.

Market Scope and Growth Factors:

India Automotive Components Market's robust growth is supported by a compelling array of growth drivers that are fundamentally strong. The first and foremost point is the steady production and sales numbers of passenger and commercial vehicles. Besides this, the huge and growing vehicle parc creates a steady high-volume demand for both original equipment and replacement components. This period of relative calm in the market is greatly enhanced by policies and initiatives that are close at hand.

An example of this is the Automobile and Auto Components Production-Linked Incentive (PLI) scheme that not only encourages the manufacture of technologically advanced automotive products in India but also attracts considerable foreign direct investment into the sector. Together, these factors have the effect of 'putting money into the pockets of the middle class'. Consequently, consumer aspiration for cars with better safety, comfort, and technology features goes up. This upward spiral is exactly what makes the value and complexity of the components used to go up. Besides, the government is going all out to make a push for electrification of vehicles.

Among other things, this is demonstrated by the FAME II scheme, which acts as a powerful source of clean and high growth for the manufacturers of EV-specific parts. The industry's export competitiveness, more so the cost-effectiveness and high quality that are its hallmarks, are the main sources of the market's resilience against the domestic cyclicality. This is the same as saying that the export earnings are the engine that drives the market's long-term and sustainable growth trajectory on the world stage.

Request Free Sample Report: https://www.imarcgroup.com/india-automotive-components-market/requestsample

Recent News and Developments:

Government PLI Scheme Success: The Production Linked Incentive scheme has attracted actual investments of ₹20,715 crore as of September 2024, generating incremental sales of ₹10,472 crore in the automotive components sector
Investment Milestone Achievement: India and Mexico topped global automotive investments in H1 2025 with 22 and 34 projects respectively, driving USD 55.2 billion in global investment commitments
EV Component Manufacturing Surge: India produced 1 million electric vehicles in 2024, creating substantial demand for specialized EV components and battery management systems
Technology Partnerships: Japan announced plans to invest ₹5,95,884 crore (USD 68 billion) over 10 years in India, focusing on artificial intelligence and semiconductor technologies for automotive applications
Production Growth: Total vehicle production across all categories reached 3,10,34,174 units in FY25, demonstrating robust demand for automotive components
Incentive Disbursements: The government received incentive claims worth ₹322.12 crore from 4 PLI applicants during FY 2024-25, with ₹246.21 crore already disbursed to support manufacturing expansion
Export Performance: The automotive components industry continues to maintain strong export performance, with over 25% of production being exported to international markets
Sustainable Manufacturing: Leading manufacturers are increasingly adopting circular economy practices and incorporating recycled materials to meet stricter environmental regulations

India Automotive Components Market Outlook, Highlights & Segmentation Analysis:

Segmentation by Vehicle Type:

Passenger Cars
Two-Wheelers
Three-Wheelers
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Off the Road Vehicles

Segmentation by Component:

Engine Parts
Body and Chassis
Suspension and Brakes
Drive Transmission and Steering Parts
Electrical Parts and Equipments

Segmentation by Demand Category:

OEM
Replacement

Regional Analysis:

North India
South India
East India
West India

Competitor 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.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-automotive-components-market

Key highlights of the Report:

Historical Market Performance
Future Market Projections
Impact of COVID-19 on Market Dynamics
Industry Competitive Analysis (Porter's Five Forces)
Market Dynamics and Growth Drivers
SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
Market Ecosystem and Value Creation Framework
Competitive Positioning and Benchmarking Strategies

Major Advantages of the Report:

This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

Why Choose IMARC Group:

Extensive Industry Expertise
Robust Research Methodology
Insightful Data-Driven Analysis
Precise Forecasting Capabilities
Established Track Record of Success
Reach with an Extensive Network
Tailored Solutions to Meet Client Needs
Commitment to Strong Client Relationships and Focus
Timely Project Delivery
Cost-Effective Service Options

Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.

Discuss Your Needs with Our Analyst – Inquire or Customize Now: https://www.imarcgroup.com/request?type=report&id=38204&flag=C

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Contact US

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas: +1-201971-6302 | Africa and Europe: +44-702-409-7331