India Automotive Components Market Share, Size, Trends, Industry Report and Statistics 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.
India Automotive Components Market 2025-2033
According to IMARC Group's report titled "India Automotive Components Market Size, Share, Trends and Forecast by Type, Content, and Region, 2025-2033", the report presents a thorough review featuring the market share, growth, share, trends, and research of the industry.
How Big is the India Automotive Components Industry?
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 dynamic Indians automotive components market is going through a transformation based on a variety of consumer shifts, technology advancements, and regulatory developments with the overarching goal of enhancing the safety and sustainability of the nation's transportation system. The rapid electrification of vehicles is a prominent trend and is creating opportunities in the electric vehicle (EV) components market, such as battery systems, power electronics, and electric drivetrains. Advanced driver-assistance systems (ADAS), connectivity, and lightweight materials are also changing the traditional supply chain. In addition, the growth of shared mobility and more digitized fleet management is leading OEMs and suppliers to create smarter and more flexible components.
Movement toward emission reduction and fuel efficiency demonstration is inspiring new inventions targeted at engine components, exhaust system, and transmission technologies. The replacement market is also growing through more consumer demand for persistent high-performance parts. Furthermore, the long-term focus on manufacturing and trade policy is enticing global players to set up local manufacturing facilities and local R&D units in India, enhancing India's position within the global supply chain. These emerging trends reveal the industry's imperative to innovate, create added-value sustainable solutions, and enhance quality, therefore the India automotive components market is an important pillar to the industrial sector in India.
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India Automotive Components Market Scope and Growth Analysis:
The India automotive components market is rapidly moving in many ways, driven by strong vehicle production, increasing exports, and a push for more localization. As one of the largest automotive markets in the world, India provides many opportunities for component manufacturers across passenger vehicles, commercial vehicles, two-wheelers and electric vehicles (EVs). In addition, the increasing collaboration between Indian suppliers and global automotive manufacturers is facilitating the transfer of technology capability and quality standards. Moreover, the transition to clean energy and EV adoption is generating a new ecosystem of components ranging from lithium-ion battery modules to power control units. Further, government sponsored initiatives such as the Production Linked Incentive (PLI) programme for the auto sector, are encouraging innovation and capacity expansion measures among component manufacturers.
The adoption of smart manufacturing and Industry 4.0 helps to create greater productivity and quality efficiency measures. Moreover, India also benefits from a significant local talent pool and engineering capability to create local solutions that meet both local and international standards. Sustained investment, technology upgrades and supportive regulation suggest that the India automotive components market, remains an exceptional long-term growth story, and continues to fulfill a strategic role, both regionally and internationally, as part of the automotive value chain.
IMARCs report provides a deep dive into the India Automotive Components Market analysis, outlining the current trends, underlying market demand, and growth trajectories.
India Automotive Components Market 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 Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
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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