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.
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India Auto Parts Manufacturing Industry Trends and Drivers:
At present, the major driving forces affecting the Indian market for auto parts manufacturers consist of many factors, almost all of which continue shaping what will really be the future of the market. Among the factors driving this market, the surge in the production of vehicles across ranks in recent years has one of its causes. With the growth of the automotive industry, demand increases in the number of vehicles produced per year, and there is a need for high-quality auto parts that must meet increasing vehicle production volumes in India. Particularly important is the consumer demand for more passenger and commercial vehicles and, consequently, a greater number of parts that will need to be manufactured. Technological advancements in production processes will enable manufacturers to improve more efficiently, cut down costs, and create superior quality products, which will further be assisted by these innovations in component design to increase the overall competitiveness of the Indian auto parts industry within the domestic and global markets.
Besides the production of vehicles, the aftermarket also fuels the demand for auto parts in the market. With an expanding vehicle fleet in India, an increasing number of replacement parts will need to be supplied and corresponding maintenance services-dependent growing rings. The growth of the aftermarket segment would be driven primarily by factors such as aging of vehicles, growing consumer awareness, and increasing number of vehicles on the roads. Such a situation creates enhanced demand for both OEM and replacement auto parts. Additionally, the flourishing e-commerce in India is paving way for new channels of distribution for auto parts. The online platforms are enabling manufacturers and suppliers to have access to more consumers, thereby making it easier for customers to buy parts from the comfort of their homes. Such developments actually contribute to the enlarging auto parts manufacturing market.
Even the government initiatives and emphasis on driving localization help strengthen the auto parts manufacturing segment in India. In particular, the policies intend to boost manufacturing in the domestic areas by encouraging investment in local production facilities. This evolution has enabled reduced dependence on imports while allowing the establishment of enabling conditions for growth and innovation. Improvement in infrastructure and facilitation of the automotive supply chain, among such initiatives, are easing manufacturers' access to inexpensive raw materials and components. Thus, with vehicle production on the rise, improved technology, and too much demand in the aftermarket and a favorable government policy, growth in the India auto parts manufacturing market will continue in the coming years.
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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