India’s Manufacturing Advantage Cost-competitiveness: India offers manufacturing that is 10–25% cheaper than in Europe or Latin America, giving it a significant price edge. Robust industrial base: Ranked as the second-largest steel producer globally, India benefits from a strong foundational input base—excellent for EV component manufacturing. Export momentum: The auto components industry achieved exports worth USD 21.2 billion in FY24, with aspirations to reach USD 80 billion by 2030, showcasing a clear trajectory for growth.
For decades, the global automotive industry was dominated by Original Equipment Manufacturers (OEMs), and aftermarket brands were often viewed as second-best options. But times have changed. With advances in technology, improved manufacturing standards, and global trade networks, quality aftermarket brands are now taking center stage.
When it comes to Indian automotive brands making waves across global markets, names like Tata Motors, Mahindra, and Suzuki (Maruti Suzuki) stand out as household names—not just in India, but also in Africa, the Middle East, Latin America, and even parts of Europe. And wherever vehicles go, the need for reliable, cost-effective spare parts follows closely behind.
In recent years, the demand for Indian automotive spare parts has witnessed a significant increase, especially in countries across Africa and the Middle East. Whether it’s for passenger vehicles, commercial trucks, or agricultural machinery, buyers in these regions are actively seeking out Indian-made components.
Every once in a while, someone does something so creative and unexpected, it grabs the attention of the entire industry. Recently, a teenager from Kerala named Bibin did exactly that. With little more than determination, a bunch of Maruti Alto parts, and a love for supercars, he built a functioning replica of a Lamborghini Huracán — right in his garage.
India is a part of this exciting movement in the rapidly changing car parts industry. The way we design, manufacture, and use truck parts, or vehicle parts, is getting smarter and more efficient thanks to technologies like 3D printing and the Internet of Things. This blog examines how these developments are changing the Indian auto parts market and what companies may do to remain competitive.
India has become a global hub for the production and export of Indian auto parts, playing a significant role in the aftermarket industry worldwide. With brands like Tata, Mahindra, Ashok Leyland, and more, the Indian auto parts sector continues to grow, offering top-quality spare parts that are both reliable and competitively priced.
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