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Sanjay Ahuja

24th Oct · SEBI-Registered Analyst

WATCH OUT FOR THE BOOM IN INDIA'S AUTO COMPONENT INDUSTRY

India’s auto component industry is gearing up for a high-growth run, projected to expand at an 18% CAGR by the year 2030, driven by robust domestic demand, exports, and EV adoption. Below are some companies that are well-positioned to benefit from this boom:

MOTHERSON
- one of India’s largest component makers, the company is expanding globally through acquisitions and EV solutions.
UNOMINDA
- a key supplier to two-and four-wheeler OEMs, the company is betting on EV-ready components and lighting systems.
CIEINDIA
- a major player in metal forging and machining, the company benefits from its European parent’s global reach.
TIINDIA
- the firm is a diversified auto parts and engineering play, riding strong demand for precision tubes.
ARE&M
- the battery major is pivoting towards lithium-ion and energy storage solutions.

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