India’s Top 10 Auto Component Manufacturers Driving Growth

India’s Auto Component Giants Drive Growth

India’s auto-component industry recorded a turnover of approximately ₹6.73 lakh crore in FY2024-25. This growth is fueled by rising vehicle production, increased localization, strong export demand, and the growing electronic content in modern vehicles.

Key players are adapting to the shift towards electric vehicles (EVs), investing in compatible and technology-neutral products. Indian component makers are evolving into global players, focusing on intellectual property, electronics, software integration, and R&D.

Top 10 Manufacturers by Revenue

• Samvardhana Motherson International: India’s largest, with approximately ₹1.14 lakh crore revenue. Specializes in wiring harnesses, mirrors, and polymer components.
• Bosch Limited: Indian flagship of Bosch Group, reporting approximately ₹18,087 crore revenue. Known for powertrain systems, fuel injection, and electronics.
• Uno Minda Limited: Consolidated revenue of approximately ₹16,775 crore. Product range includes switches, lighting, and alloy wheels.
• Bharat Forge Limited: One of the world’s largest forging companies, with approximately ₹15,123 crore revenue. Diversified into defense and aerospace.
• Endurance Technologies: Major supplier to two and three-wheeler segments, with approximately ₹11,561 crore revenue. Products include aluminum die-castings and suspension systems.
• Schaeffler India: Key manufacturer of bearings, engine systems, and transmission components, with approximately ₹8,100 crore revenue.
• Varroc Engineering: Strong in automotive lighting, electrical, and electronic systems. Focuses on electronics, connected products, and EV systems after divestment.
• Sundram Fasteners: Part of the TVS Group, known for high-tensile fasteners, with approximately ₹6,000 crore revenue.
• Minda Corporation: Flagship of Spark Minda Group, with approximately ₹5,056 crore revenue. Manufactures lock sets and wiring harnesses.
• ZF Commercial Vehicle Control Systems India: Formerly WABCO India, a leading supplier of braking and control technologies, with approximately ₹3,940 crore revenue.

Industry Trends and Outlook

The industry’s expansion is driven by increased localization efforts, growing export orders, and a higher component value per vehicle. This rise is attributed to advanced technologies such as LED lighting, digital displays, and electric powertrains.

The transition to EVs presents significant opportunities, with companies actively investing in next-generation solutions. Indian component manufacturers are positioning themselves as global leaders, prioritizing intellectual property, advanced electronics, software integration, and robust R&D initiatives.