India Auto Parts Manufacturing Market Overview
Market Size in 2024: USD 73.56 Billion
Market Forecast in 2033: USD 90.58 Billion
Market Growth Rate: 2.34% (2025-2033)
According to the latest report by IMARC Group, the India auto parts manufacturing market size reached USD 73.56 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 90.58 Billion by 2033, exhibiting a growth rate (CAGR) of 2.34% during 2025-2033.
India Auto Parts Manufacturing Industry Trends and Drivers:
The India auto parts manufacturing market is currently experiencing robust growth, fueled by multiple key factors driving the industry. One of the major drivers is the increasing production of vehicles, which is directly contributing to the demand for a wide range of components. As India’s automotive sector expands, manufacturers are scaling up their production capacities to meet the rising need for both original equipment and aftermarket parts. The surge in vehicle production is particularly noticeable in both domestic and export markets, as India continues to establish itself as a significant player in the global automotive supply chain. This increase in production is also closely tied to a growing demand for newer vehicle models, which in turn boosts the need for advanced auto parts to enhance performance, safety, and fuel efficiency.
Technological advancements in manufacturing processes are also significantly influencing the growth of the auto parts sector. Automation, the adoption of 3D printing, and the integration of artificial intelligence in production lines are improving efficiency and precision in the manufacturing of automotive components. These innovations are enabling manufacturers to deliver higher-quality products, reduce costs, and speed up production times. Additionally, the trend toward electric vehicles (EVs) is reshaping the types of components being produced. With the rising demand for EVs in India, manufacturers are increasingly focused on producing specialized parts like batteries, electric motors, and charging infrastructure. This technological evolution is driving both innovation and competition within the sector, further stimulating market growth.
Another factor propelling the India auto parts manufacturing market is the country’s growing e-commerce sector. The rise of online sales channels is making it easier for consumers and businesses to access auto parts, particularly aftermarket components. This shift toward digital platforms is expanding the distribution reach and enhancing customer convenience, making it easier to find and purchase auto parts. Additionally, government initiatives aimed at boosting local production and reducing reliance on imports are supporting the growth of the sector. With increased localization, manufacturers are able to source raw materials and components domestically, lowering costs and improving supply chain efficiency. The combination of these factors is contributing to the ongoing expansion of the auto parts manufacturing market in India, positioning it for sustained growth in the coming years.
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India Auto Parts Manufacturing Industry Segmentation:
The report has segmented the market into the following categories:
Component Type Insights:
- Battery
- Cooling System
- Underbody Components
- Engine Components
- Automotive Filter
- Lighting Components
- Electrical Components
- Others
Sales Channel Insights:
- OEM
- Aftermarket
Vehicle Type Insights:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others
Regional Insights:
- North India
- South India
- East India
- West India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
India Auto Parts Manufacturing Market News:
- In April 2024, Tata Motors opened a 1 lakh square-foot advanced commercial vehicle spare parts warehouse located in Guwahati. This fully digitalized facility ensures the seamless supply of Tata Genuine spare parts across the Northeast region. Partnering with Delhivery, India’s leading logistics provider, Tata Motors aims to enhance service efficiency and maximize vehicle uptime for its customers.
- In September 2024, Samvardhana Motherson International, a leading Indian auto parts manufacturer, plans to raise up to $715 million through a Qualified Institutional Placement (QIP) in September 2024. The funds will support debt repayment, capital expenditure, and expansion initiatives.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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