India Auto Parts Manufacturing Market 2025-2033
According to IMARC Group's report titled "India Auto Parts Manufacturing Market Size, Share, Trends and Forecast by Component Type, Sales Channel, Vehicle Type, and Region, 2025-2033", The report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.
How Big is the India Auto Parts Manufacturing Industry?
The India auto parts manufacturing market size was valued USD 73.56 Billion in 2024. By 2033, this figure is projected to reach around USD 90.58 Billion, with a compound annual growth rate (CAGR) of 2.34% over the forecast period (2025-2033).
India Auto Parts Manufacturing Market Trends:
The India auto parts manufacturing market is undergoing substantial transformation, primarily due to advances in technology and changes in consumer preferences. The growth of electric vehicles (EVs) has increased the need for specialized components, including batteries, motors and power electronics. This shift is propelling broader opportunities for manufacturers, particularly in charging infrastructure as well. Bulk arrivals of IoT, Industry 4.0 philosophically, AI and automation facilitate higher production outputs while reducing per-operational costs. These developments are compounded by government FDI policies to manufacture "in India", as well as through efforts of several schemes, including the Production-Linked Incentive (PLI).
Sustainability continues to be a prominent theme, as manufacturers increasingly become compliant through process efficiency, purchasing eco-friendly materials, and meeting environmental standards to successfully export globally. The aftermarket is experiencing growth as well, as the vehicle parc increases - as do replacement parts. We are also seeing increases in partnerships between OEMs and auto component producers, thus increasing supply chain resiliency to include cost competitiveness in establishing timely delivery expectations. All of these aspects have led to are further advances to include advanced materials used in high-strength steel and lightweight alloys which increases performance and durability. The trends suggest that an evolving market landscape, India is postured to be competitive in the global auto parts manufacturing marketplace.
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India Auto Parts Manufacturing Market Scope and Growth Analysis:
The India auto parts manufacturing market is in a position for substantial growth because of widespread demand for auto components from a firmly established automotive industry and its growing output of vehicles. The domestic demand for auto components continues to rise because of an expansion of the middle class, urbanization, and a willingness to spend (i.e. more disposable income per family). India’s labor force is skilled and cost-competitive which positions India as preferred source for high-quality, low-cost parts for automakers around the world. Apart from the domestic demand for parts, exports of Indian made components continue to grow, especially for those parts being sold, naturally, to areas like the US, Europe, and Southeast Asia. In addition, the government's commitment to develop infrastructure and introduce easier regulatory policies will create a more aggressive market for manufacturers. Moreover, the aftermarket sector is very strong because of the number of vehicles on the road that need maintenance, repair, and replacement parts.
In addition, the market for EV (electric vehicle) and hybrid vehicle components is moving quickly because a great many manufacturers in India are investing heavily in R&D (research and development) to create new component technologies and innovate as the auto industry moves quickly into greater electrification of vehicles. Additionally, the move to warranties by original manufacturers creates market conditions that suggest potential and profitability. Also, partnerships and joint ventures between domestic and international manufacturers will further drive up consumption of auto parts. With an increasing demand domestically, increasing exports of further manufacturing and technical improvements, the auto parts manufacturing market in India anticipates strong sustained growth and success in the further development of parts manufacturing in the coming decade.
India Auto Parts Manufacturing Market Report Highlights & Segmentation Analysis:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India auto parts manufacturing market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Component Type Insights:
- Battery
- Cooling System
- Underbody Components
- Engine Components
- Automotive Filter
- Lighting Components
- Electrical Components
- Others
Sales Channel Insights:
- OEM
- Aftermarket
Vehicle Type Insights:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others
Regional Analysis:
- North India
- West and Central India
- South India
- East 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.
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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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