📊Executive Summary

The Indian auto parts industry is undergoing significant capacity expansion driven by the rise of electric vehicles (EVs) and increased electronics content in vehicles. Companies like Minda Corporation and Uno Minda are strategically enhancing their capabilities to meet the growing demand for EV components and advanced safety systems. This is supported by local initiatives and production-linked incentive schemes, which are accelerating investments in the sector. The report indicates strong growth prospects due to increased vehicle production, exports, and the premiumization trend in the automotive market, highlighting a shift towards more electronics-intensive vehicles....