Indian auto component manufacturers are poised for significant export growth in the independent aftermarket (IAM), with major opportunities emerging in Brazil, Indonesia, Colombia, African regions, and the UAE. As per a recent report by EY-Parthenon, Brazil and Indonesia lead among mature markets due to large, ageing vehicle fleets, while Africa’s...
India’s auto component industry is projected to grow its revenue by 7–9%, driven mainly by two-wheeler and passenger vehicle demand. Growth in commercial vehicles and the aftermarket segment is steady, but export challenges persist due to weak US and Europe demand. Operating margins remain stable at 12–12.5%, supported by high-margin...
The rise of electric vehicles is transforming the auto component industry by increasing content per vehicle and creating new opportunities for suppliers, especially in EV-specific parts like batteries and controllers. However, the shift also poses risks to manufacturers reliant on ICE components and faces challenges such as import dependency and...
COVID-19 has further compounded problems for the Indian auto component industry, which was already coping with a slowdown in the automotive sector across domestic and export markets. The industry needs to carefully strategise its business growth plans for the immediate and long term, considering the effects of the pandemic, transition...
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