Introduction: India’s Booming Auto Parts Industry
India has emerged as a global powerhouse in the automotive components sector, establishing itself as the supplier of choice for major automobile manufacturers worldwide. The Indian auto component industry accounts for 2.3% of India’s GDP in FY25 and provides direct employment to over 1.5 million people, with this figure expected to rise as the sector’s GDP contribution reaches 5-7% by 2026. With projections indicating the industry will reach $145 billion by 2030, driven by rising domestic demand and surging exports, Indian manufacturers are powering vehicles across the globe.
India’s auto component industry achieved a record turnover of INR 6.14 trillion (US$73.1 billion) between April 2023 and March 2024, representing a 9.8% increase from the previous year. The momentum continues into 2025-26, with India’s automotive component trade expected to expand 4-5% annually to reach US$ 80 billion by 2026.
What makes India particularly attractive is its unique combination of cost-effectiveness, technical expertise, and adherence to international quality standards. Manufacturing costs in India are typically 10-25% lower than in Europe and Latin America, while Indian factories maintain rigorous certifications including ISO, IATF 16949, and CE standards. This perfect balance has positioned India as a preferred sourcing partner for automotive giants globally.
Top 10 Indian Auto Parts Manufacturers Leading the Industry in 2026
1. Samvardhana Motherson International Limited (SAMIL)
Samvardhana Motherson International Limited stands as India’s biggest component maker by market capitalisation and represents the pinnacle of Indian auto parts manufacturing. In financial year 2024, the company generated an operating revenue of about 987 billion Indian rupees, representing an increase from the previous year when operating revenue was approximately 788 billion Indian rupees.
Headquartered in Noida, Uttar Pradesh, Motherson specializes in manufacturing wiring harnesses, mirrors, plastic molded modules, interior and exterior components, and polymer systems. The company serves a truly global customer base, with major markets in India, the United States, Europe, and Asia. With over 24,000 employees worldwide, Motherson operates as a Tier 1 supplier to leading OEMs including Maruti Suzuki, Tata Motors, Mahindra & Mahindra, and international automotive giants.
Recent developments highlight the company’s strategic growth trajectory. The company announced a 1:2 bonus share issue in Q4 FY25 alongside strong financial performance. Motherson continues to expand its global footprint through strategic acquisitions and partnerships, solidifying its position as a comprehensive automotive solutions provider.
2. Bosch Limited
Established in 1951 and headquartered in Bengaluru, Bosch Ltd. is a leading supplier of engine parts, brakes, and electrical components. As the Indian subsidiary of the global technology leader Robert Bosch GmbH, the company brings over seven decades of engineering excellence to the Indian automotive sector.
Bosch India serves as a critical supplier to virtually all major automotive OEMs in India, including Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Honda, Hyundai, and Toyota. The company’s product portfolio spans diesel and gasoline injection systems, automotive electronics, starter motors, alternators, braking systems, and increasingly, components for electric mobility.
The company’s Mobility Aftermarket Division handles the supply, sales, and distribution of automotive parts for vehicle servicing, along with diagnostic equipment, technical information, training, and consulting services. Bosch India expects PV output to rise 4-7 per cent in FY26, positioning the company for continued growth as domestic automobile production expands.
3. Bharat Forge Limited
Bharat Forge Limited represents India’s forging excellence on the global stage. Based in Pune, the company is one of the world’s largest forging companies and India’s largest manufacturer of automotive chassis components. Bharat Forge supplies critical components including crankshafts, front axle beams, steering knuckles, and connecting rods to commercial vehicle, passenger car, and industrial equipment manufacturers globally.
The company’s expertise extends beyond traditional automotive applications into defense, aerospace, and industrial sectors. Bharat Forge has secured significant contracts, including a major defense ministry order for artillery guns and gun towing vehicles worth 69 billion rupees, demonstrating its diversification strategy.
Despite facing headwinds from muted global demand in commercial vehicles and off-highway segments, Bharat Forge continues to win new orders and expand its technological capabilities. The company maintains strong relationships with global automotive giants and is strategically positioned to benefit from the “China Plus One” trend as manufacturers diversify their supply chains.
4. UNO Minda Limited
UNO Minda Limited, formerly Minda Industries Limited, has grown into a comprehensive automotive solutions provider serving both domestic and international OEMs. The company designs and manufactures over 28 categories of components and systems for vehicles across all segments, including passenger cars, commercial vehicles, two-wheelers, and three-wheelers, catering to both ICE and electric vehicles.
UNO Minda’s extensive product portfolio includes automotive switches, horns, infotainment systems, alloy wheels, sensors, actuators, telematics solutions, lighting systems, seating systems, and increasingly, EV-specific components like traction motors, motor controllers, and battery management systems. With a market capitalization exceeding Rs. 73,000 crore as of December 2025, the company has delivered impressive returns to shareholders.
The company demonstrated strong commitment to capacity expansion in 2025, approving a Rs. 2 billion investment to establish a new manufacturing facility for two-wheeler alloy wheels in Bawal, Haryana, expected to commence operations in Q2 FY2027 with an annual capacity of 1.5 million wheels. Additionally, UNO Minda expanded its existing alloy wheel capacity at Supa, Maharashtra, bringing total capacity to 8 million units.
Recent leadership restructuring announced for April 2025 separates the Chairman and Managing Director roles, with Ravi Mehra elevated to Managing Director overseeing operations while Nirmal Kumar Minda transitions to Executive Chairman focusing on strategic direction. This governance enhancement positions the company for sustained long-term growth.
5. Endurance Technologies Limited
Endurance Technologies Limited specializes in manufacturing critical safety and performance components for two-wheelers and three-wheelers. The company’s product range includes aluminum die-casting components, suspension systems, braking systems, clutches, and transmission systems. As a leading Tier 1 supplier, Endurance serves all major two-wheeler manufacturers in India and has expanded its presence in European markets.
In Q2 FY26, the company demonstrated robust financial performance with a 12% increase in profit after tax, with net profit rising to Rs 227.27 crore and sales increasing 23% to Rs 3,582.82 crore. This growth reflects strong demand across the two-wheeler segment and successful execution of expansion plans.
The company announced significant capital investment of Rs 135.6 crore for capacity expansion in advanced safety products, particularly Anti-lock Braking Systems (ABS). This strategic investment responds to anticipated regulatory changes making ABS mandatory for all two-wheelers above 50cc manufactured from January 2026, positioning Endurance to capture growing market demand for safety equipment.
6. Sona BLW Precision Forgings Limited (Sona Comstar)
Sona BLW Precision Forgings, operating as Sona Comstar, has emerged as a pioneer in electric vehicle component manufacturing while maintaining strong capabilities in conventional drivetrain systems. The company specializes in differential assemblies, differential gears, conventional and micro-hybrid starter motors, and increasingly, EV traction motors.
Sona Comstar reported record financial performance in Q2 FY2026, achieving its highest-ever quarterly revenue of INR 11.44 billion, up 24% year-on-year. The company’s net profit reached INR 1.73 billion, representing 20% growth. Significantly, Battery Electric Vehicle (BEV) components contributed 32% of total revenue, highlighting the company’s successful transition toward electric mobility.
The company maintains a robust net order book of INR 236 billion as of September 2025, with 70% attributed to EV programs. This substantial order book provides visibility for sustained growth over the coming years. Sona Comstar recently signed a binding term sheet with China’s Jinnaite Machinery (JNT) to establish a joint venture for manufacturing driveline systems in China, marking strategic expansion into the world’s largest EV market.
7. Sundram Fasteners Limited
Sundram Fasteners Limited, part of the prestigious TVS Group, has evolved into a global leader in manufacturing critical, high-precision components since its establishment in 1966. The company produces fasteners, powertrain components, sintered metal products, iron powder, cold extruded parts, radiator caps, water pumps, oil pumps, and wind energy components for automotive, infrastructure, windmill, aerospace, and aviation sectors.
With trailing twelve-month revenue of $683 million as of June 2025, Sundram Fasteners serves leading customers in highly competitive global markets including India, China, Germany, USA, UK, Italy, France, and Brazil. The company’s product range spans high tensile fasteners for automotive, wind energy, aerospace, and aviation applications, along with precision-engineered powertrain components for transmission systems.
As part of the TVS Group, which commands total sales exceeding USD 8.5 billion and employs over 50,000 people worldwide, Sundram Fasteners benefits from the conglomerate’s extensive resources, technical expertise, and commitment to quality. The company’s unwavering focus on delivering precision and reliability has earned trust from both OEM and aftermarket customers globally.
8. Automotive Axles Limited
Founded in 1981 and based in Mysuru, Automotive Axles Ltd. is the largest manufacturer of automotive axles and rear drive axle assemblies in India. The company operates as a joint venture between Tata Motors and Meritor Heavy Vehicle Systems, combining Indian manufacturing efficiency with global technical expertise.
Automotive Axles manufactures a comprehensive range of products including brakes, axles, road wheels, gearboxes, suspension shock absorbers, radiators, exhaust pipes, catalyzers, clutches, steering components, and steering boxes. These products find applications across commercial vehicles, passenger vehicles, off-road vehicles, tractors, and agricultural equipment.
The company’s strategic location in Mysuru, combined with its technical collaboration with global partners, enables it to maintain high quality standards while serving major OEMs in India. Automotive Axles plays a crucial role in the commercial vehicle segment, which remains fundamental to India’s logistics and transportation infrastructure.
9. Varroc Engineering Limited
Varroc Engineering Limited, headquartered in Pune, operates as a comprehensive automotive solutions provider with expertise in lighting systems, electrical systems, fluid systems, and polymer and metallic systems. The company serves both domestic and international OEMs across passenger vehicles, commercial vehicles, two-wheelers, and three-wheelers.
Varroc’s lighting division manufactures advanced lighting solutions including LED and adaptive lighting systems, representing the company’s technological leadership in automotive illumination. The electrical systems division produces junction boxes, wire harnesses, and electronic control units, while the fluid systems division specializes in fuel delivery systems and thermal management solutions.
Recent leadership appointments underscore the company’s focus on operational excellence. Varroc appointed Avinash Chintawar as Chief Operating Officer for Business I in October 2025, bringing his extensive experience from Bosch India to strengthen efficiencies and performance. The company continues investing in advanced technologies and expanding its global footprint to serve evolving automotive requirements.
10. Schaeffler India Limited
Schaeffler India Limited, part of the global Schaeffler Group, specializes in precision engineering components including bearings, automotive components, and industrial products. The company manufactures rolling bearings, plain bearings, linear systems, direct drive systems, clutch systems, and transmission components for automotive and industrial applications.
With strong technical collaboration with its German parent, Schaeffler India brings cutting-edge technology to the Indian market. The company serves major automotive OEMs with critical components for engines, transmissions, chassis, and auxiliary systems. Schaeffler’s expertise in precision manufacturing and quality control has established it as a trusted supplier for both conventional and electric vehicle applications.
The company maintains significant market presence in both automotive and industrial sectors, with products finding applications in wind energy, aerospace, railway, and heavy machinery. Schaeffler India’s commitment to innovation and sustainability positions it well for future growth as industries transition toward electric mobility and automation.
Conclusion: India’s Automotive Components Excellence
India’s auto parts manufacturing industry in 2026 stands at an inflection point, poised for exponential growth driven by domestic demand, export expansion, electric vehicle adoption, and technological advancement. The top manufacturers profiled in this article represent the excellence and diversity of India’s automotive components sector, serving customers globally with world-class products.
From Samvardhana Motherson’s comprehensive systems integration to Bosch India’s technological leadership, from Bharat Forge’s forging expertise to UNO Minda’s diverse component portfolio, these manufacturers exemplify India’s emergence as a global automotive manufacturing hub. Their continued investments in capacity expansion, technology development, and quality enhancement position India to capture an increasingly larger share of the global automotive components market.
As the industry navigates the transition toward electric mobility, advanced electronics, and sustainable manufacturing, Indian auto parts manufacturers are demonstrating adaptability, innovation, and commitment to excellence. With strong government support, favorable demographics, and proven manufacturing capabilities, India’s auto components industry is set to achieve the ambitious target of becoming a $145 billion sector by 2030, cementing its position as an indispensable pillar of the global automotive supply chain.
