Indian auto-ancillary sector plays a crucial role in the nation’s economy, contributing roughly 2.3 percent to the GDP, and is projected to reach $200 billion by 2026. This sector comprises a wide array of companies producing components for vehicles, catering to both original equipment manufacturers (OEMs) and the aftermarket.
It has demonstrated resilience and adaptability, particularly with the growing transition to electric vehicles, presenting fresh opportunities for investment and innovation.
Here are a few leading companies in the Auto-Ancillary Sector
Gabriel India Limited
With a market capitalization of Rs.7,421 crore, the share price of Gabriel India Limited reached an intra-day high of Rs.519.00 per share on Thursday, rising 0.07 percent from its previous close.
The company is a leading company in the auto-ancillary industry, specializing in the production of ride-control products, including shock absorbers and struts. Gabriel India Ltd. offers a range of products, including front and rear shock absorbers, struts, and front forks for various vehicle segments.
Gabriel India Ltd holds approximately 89 percent market share in the commercial vehicle segment and 80 percent in the electric two-wheeler market for shock absorbers. In the passenger vehicle segment, Gabriel commands 23 percent market share for struts, while in the two-wheeler and three-wheeler market, it holds around 32 percent share for front forks.
In Q1FY25, the company reported a 7.2 percent year-on-year increase in revenue to Rs.864 crore and a 21.5 percent rise in net profit to Rs.51 crore.
Pricol Limited
With a market capitalization of Rs.5,767 crore, the share price of Pricol Limited reached an intra-day high of Rs.471.30 per share on Thursday, falling 0.2 percent from its previous close.
Pricol Limited maintains a strong position in the auto-ancillary sector with significant market shares across key product segments. It holds approximately 50 percent share in instrument clusters for two-wheelers and 70 percent in commercial vehicles, making it a leading global manufacturer in these components.
Pricol aims for a 30 percent market share in two-wheeler fuel pumps, supported by a technical collaboration with a Chinese firm to boost production. In fuel sensors, the company has a 25.90 percent market share in the Indian two-wheeler segment, highlighting its expertise in sensor technology for vehicle efficiency.
In Q1FY25, the company reported a 16 percent year-on-year increase in revenue to Rs.620 crore and a 44 percent rise in net profit to Rs.46 crore.
ASK Automotive Limited
With a market capitalization of Rs.8,670 crore, the share price of ASK Automotive Limited opened at Rs.430.85 per share on Thursday, falling 1.2 percent from its previous close.
ASK Automotive Ltd. is a prominent player in the auto-ancillary industry, specializing in advanced braking systems and components for two-wheelers and four-wheelers.
The company holds approximately 50 percent market share in two-wheeler braking systems, highlighting its leadership in this segment. In the four-wheeler market, ASK Automotive commands around 25 percent market share, focusing on precision braking components for passenger cars and commercial vehicles.
In Q1FY25, the company reported a 31 percent year-on-year increase in revenue to Rs.862 crore and a 63 percent rise in net profit to Rs.57 crore.
Written by – Siddesh S Raskar
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