Sector Snapshot · Auto Components

The Backbone Behind Every Vehicle on the Road

A fast-read primer on India's auto components industry — the backdrop against which we benchmark every company's cost structure in this category.

US$145 bn

Projected component production by 2030

US$70-100 bn

Projected exports by FY30 (McKinsey)

8.32%

Aggregate turnover CAGR, FY16-FY25

US$453 mn

Trade surplus, FY25

100%

FDI allowed under automatic route

Steady Growth, Export-Led Upside

Turnover has compounded for a decade, and exports now account for a growing share of the mix.

Aggregate Turnover (US$ billion)

FY16 → FY25 · 8.32% CAGR

$39.05bn

FY16

$80.20bn

FY25

Share of Turnover, FY25

By channel

OEM Supplies — 66.2%

Aftermarket — 22.3%

Exports — 11.5%

What's Pushing the Sector Forward

Demand, workforce scale, and policy support are all reinforcing each other.

Robust Demand

Component production targeted to reach US$145bn by 2030
Exports set to triple, from US$20bn to US$60bn
30% EV penetration target by 2030 driving demand for batteries & power electronics

Competitive Advantage

~875 million working-age population
India to account for ~20% of global workforce by 2027
Proximity to ASEAN, Europe, Japan & Korea auto markets

Policy Support

GST on EVs cut from 12% to 5%
US$5bn PLI scheme for auto battery & components manufacturing
100% FDI allowed under automatic route

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

→ India's auto-component industry is projected to reach US$200 billion by 2030.
→ Trade surplus widened to US$453 million in FY25 from US$300 million in FY24; exports up 8%, imports up 7.3%.
→ Auto component exports rose 8% to Rs 1,95,726 crore (US$22.90bn) in FY25.
→ McKinsey projects exports reaching US$70-100 billion by FY30, driven by EV technology and supply chain diversification.
→ The government approved an additional Rs 1,500 crore for FAME-II Phase 2.
→ India's share of the global automotive value chain is targeted to rise from 3% to 8% by 2030.

Companies We Benchmark in This Sector

Listed Indian Auto Components companies in tDoBe's cost-benchmarking coverage.

Samvardhana Motherson International

Bosch

Bharat Forge

Uno Minda

Schaeffler India

MRF

Tube Investments of India

Sona BLW Precision Forgings

Balkrishna Industries

Endurance Technologies

Exide Industries

Motherson Sumi Wiring India

Apollo Tyres

Craftsman Automation

Belrise Industries

Asahi India Glass

Sansera Engineering

See How These Companies Compare on Cost

The numbers above set the stage. Our Report translates it into a company-by-company cost benchmark — down to the category — so you can see exactly where a business sits against its peers.

Explore the Auto Components Report

Compiled from public government and industry sources, February 2026 update · Figures rounded · tDoBe sector snapshot, for informational purposes