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Date: 04/06/2025

India’s auto parts industry to grow at 7-9 pc in FY26, says Crisil

India’s auto components industry is expected to grow 7-9% in FY26, maintainaing last fiscal’s pace, supported by strong domestic demand from two-wheelers (2Ws) and passenger vehicles (PVs), especially utility vehicles, which together account for nearly half of the sector’s revenues, according to a report by Crisil Ratings. Crisil’s analysis covered component manufacturers accounting for 35% of the sector’s Rs 7.9 trillion revenue in FY25. A moderate recovery in commercial vehicles and tractor sales, contributing around 17% to overall revenue, is also expected to support growth. Weak demand for new vehicles in the US and Europe, destinations for about 60% of India’s auto component exports, could weigh on the sector’s export performance, which is expected to moderate to 7-8% growth this year, as per a report.
 
Source: Exim News Service: New Delhi, June 3 



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