India Automotive Components Market 2025-2033
According to IMARC Group's report titled "India Automotive Components Market Report 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 automotive components market in India is experiencing a major shift, fueled by new automotive technologies and changing consumer preferences. A standout trend is the rising popularity of electric vehicles (EVs), which is transforming the demand for various automotive parts. As the EV sector grows, there's an increasing need for components like batteries, electric drivetrains, and sophisticated electronics. Additionally, the heightened emphasis on fuel efficiency and environmental sustainability is boosting the demand for lightweight materials, such as aluminum and composites, in car manufacturing. On top of that, the integration of cutting-edge technologies like autonomous driving systems, artificial intelligence (AI), and the Internet of Things (IoT) is driving innovation in automotive components, especially in areas like sensors, connectivity solutions, and advanced driver assistance systems (ADAS).
Moreover, the trend towards more localized manufacturing, spurred by government initiatives like “Make in India,” is promoting the growth of domestic suppliers and decreasing dependence on imports. There's also a clear movement towards greater automation and robotics in component manufacturing, enhancing precision and efficiency. All these trends are reshaping the Indian automotive components market, opening up exciting new avenues for innovation and growth.
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India Automotive Components Market Scope and Growth Analysis:
The Indian automotive components market is incredibly vast and keeps growing, fueled by both local and global demand. A key driver of this growth is India’s booming automotive sector, which is seeing a surge in vehicle production and sales. The government is also playing a significant role with initiatives like the Automotive Mission Plan, which aims to enhance the production of top-notch automotive components right here in the country. On top of that, the increasing interest in electric vehicles (EVs) and hybrids is shaping the market, as manufacturers are eager to create and supply specialized parts for these cutting-edge vehicles.
Plus, the rising trend of vehicle customization and consumers’ desire for advanced safety features are pushing the demand for high-tech components like sensors, airbags, and infotainment systems. With India’s growing middle class, higher disposable incomes, and a greater interest in personal mobility, the demand for both traditional and electric vehicles is on the rise, further expanding the automotive components market. As the industry embraces Industry 4.0, the integration of automation, digitalization, and data analytics is set to streamline production processes and improve component quality, positioning India as a strong contender in the global automotive supply chain.
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.
About Us:
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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