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.

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.