India’s auto-component industry is expected to grow strongly in the coming years, with McKinsey estimating it could reach $200 billion by 2030. This growth will be supported by India’s cost advantage, skilled workers, and changes in global trade patterns.
Auto-component domestic sales are likely to rise 7–8 percent every year until 2030, driven by more vehicles on the road, higher use of parts per vehicle, and the adoption of new technologies. Exports are also expected to play a big role, reaching $70–100 billion by 2030.
According to McKinsey’s report, Shaping the future of India’s auto component industry amid global trade shifts, around $12–14 trillion of global trade is expected to move across trade routes by 2035. India is in a good position to benefit from this shift due to its competitive costs and strong manufacturing setup.
In the last five years, India’s auto-component sector has already shown steady growth of about 10 percent annually. This proves the industry is expanding in both domestic and international markets. With rising demand for vehicles and parts, the industry is becoming an important part of global supply chains.
Looking ahead, two key factors will drive this growth. The first is a $20–30 billion opportunity in internal combustion engine exports as global markets consolidate. The second is rapid growth in electric vehicles, with domestic EV sales expected to grow at 35 percent annually.
Together, these factors will make India’s auto-component industry a strong global player by the end of this decade. Following are are a few auto-component stocks in focus after the industry is set to reach $200 billion by 2030
1. Samvardhana Motherson International Limited
With a market capitalization of Rs. 111,514.38 crore, the shares of Samvardhana Motherson International Limited were currently trading at Rs. 105.66 per equity share
Samvardhana Motherson International Limited was established in 1986 as a joint venture with Sumitomo Japan and is a global manufacturer of automotive components. It supplies wiring harnesses, rearview mirrors, plastic parts, and modules, serving major carmakers worldwide with integrated solutions and operations across over 40 countries.
2. Apollo Tyres Limited
With a market capitalization of Rs. 30,389.58 crore, the shares of Apollo Tyres Limited were currently trading at Rs. 478.50 per equity share Apollo Tyres Limited was established in 1972 and is a leading Indian multinational tyre manufacturer. It produces tyres for passenger vehicles, commercial vehicles, and off-the-road vehicles. Apollo has manufacturing plants in India, the Netherlands, and Hungary, and serves over 100 countries worldwide.
3. Uno Minda Limited
With a market capitalization of Rs. 73,042.57 crore, the shares of Uno Minda Limited were currently trading at Rs. 1,268.50 per equity share Uno Minda Limited was founded in 1958 and is a global manufacturer of automotive components. The company produces switches, lighting, horns, seating, alloy wheels, and EV parts for two, three, and four-wheelers. It supplies major vehicle makers worldwide with manufacturing facilities in several countries.
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4. Gabriel India Limited
With a market capitalization of Rs. 17,917.43 crore, the shares of Gabriel India Limited were currently trading at Rs. 1,247.35 per equity share Gabriel India Limited was established in 1961 and is the flagship company of the ANAND Group. It manufactures automotive ride control products such as shock absorbers and struts. The company serves various vehicle segments, including two-wheelers, passenger cars, and commercial vehicles, with strong domestic and export markets.
5. Shriram Pistons and Rings Limited
With a market capitalization of Rs. 11,694.79 crore, the shares of Shriram Pistons and Rings Limited were currently trading at Rs. 2,654.90 per equity share Shriram Pistons and Rings Limited was established in 1963 and is India’s largest manufacturer of pistons, piston rings, and engine valves. The company supplies components to OEMs in the automotive and industrial sectors. It focuses on indigenous research, advanced manufacturing, and exports globally. It operates multiple plants with strong R&D capabilities.
6. Belrise Industries Limited
With a market capitalization of Rs. 13,953.31 crore, the shares of Belrise Industries Limited were currently trading at Rs. 156.80 per equity share Belrise Industries Limited was established in 1988 and is a leading Indian automotive component manufacturer. The company produces sheet metal and casting parts, polymer components, suspension, and mirror systems for two, three, and four-wheelers. It serves major OEMs with 15 manufacturing plants across India.
7. Asahi India Glass Limited
With a market capitalization of Rs. 22,897.56 crore, the shares of Asahi India Glass Industries Limited were currently trading at Rs. 898.20 per equity share. Asahi India Glass Limited (AIS) was established in 1984 and is India’s leading integrated glass solutions company. It manufactures automotive safety glass, architectural glass, and value-added glass products. AIS serves major OEMs and construction sectors with a dominant market share and operates 13 plants across India, supported by global partners.
8. Endurance Technologies Limited
With a market capitalization of Rs. 38,630.24 crore, the shares of Endurance Technologies Limited were currently trading at Rs. 2,746.30 per equity share. Endurance Technologies Limited was founded in 1985 and is one of India’s largest aluminium die-casting and two & three-wheeler auto component manufacturers. It produces suspension, braking, transmission, and die-casting products with a global manufacturing footprint in India, Italy, and Germany, serving major OEMs and aftermarket segments.
9. Sona BLW Precision Forgings Limited
With a market capitalization of Rs. 25,313.37 crore, the shares of Sona BLW Precision Forgings Limited were currently trading at Rs. 407.15 per equity share Sona BLW Precision Forgings Limited (Sona Comstar) was established in 1995 and is a leading automotive mobility technology company. It designs, manufactures, and supplies precision forged gears, differential assemblies, and electric vehicle components. The company operates globally with plants in India, USA, Mexico, and China, serving major OEMs.
10. JBM Auto Limited
With a market capitalization of Rs. 16,228.24 crore, the shares of JBM Auto Limited were currently trading at Rs. 686.20 per equity share JBM Auto Limited was founded in 1996 and is an Indian auto systems manufacturer known for producing sheet metal components, assemblies, and electric buses. It operates globally with advanced manufacturing facilities and a strong focus on cleaner, greener, and safer mobility solutions, including electric vehicle ecosystems.
Written By – Nikhil Naik
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