India's Auto Component Industry Projected to Reach $80 Billion by 2026 with Major Manufacturers Leading Growth
DEFENSE
India's automotive components sector is expected to reach $80 billion by 2026, contributing 5-7% to the nation's GDP, following a projected turnover of INR 6.14 trillion in FY24. Major manufacturers like Samvardhana Motherson and Bharat Forge are driving growth through strategic expansions and defense contracts, while investments in new facilities, such as UNO Minda's alloy wheel plant, further bolster the industry's outlook. The sector is anticipated to grow to $145 billion by 2030, fueled by robust domestic demand and increasing exports.

Dec 31, 2025, 2:51 PM