Given each of these tailwinds above and the fact that indian emissions now are in line with many global markets, india is now emerging as an auto hub for. India emerging as an auto hub: Discover top players, investment opportunities, and growth drivers powering india's auto ancillary landscape.
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Revenue is expected to grow by 17% yoy.
One of the primary factors is the expansion of the domestic automotive market, with rising. The auto ancillary market is predicted to be worth inr 9,359.32 billion by fy 2028, increasing at a compound annual growth rate (cagr) of 14.74% between fy 2024 and fy. The auto ancillary market in india is experiencing robust growth, propelled by several key drivers. We expect india market to remain the key growth driver, while other geographies are expected to grow on a low base of fy24.
India’s auto ancillary market touched inr 6.14 trillion in fy 2024, with a projected cagr (compounded annual growth rate) of 10.67% between fy 2025 and fy 2029.
