By Mr. Anand Kumar, Business Head – Aftermarket, Uno Minda Ltd. The future isn’t physical versus digital, but digitally enabled physical networks combining reach, speed, transparency and intelligence. India’s automotive aftermarket is at an interesting inflection point. For decades, the sector has largely been defined by replacement demand, vehicle parc, price competitiveness and the reach […]
By Ashim Sharma, Senior Partner & Group Head, NRI Consulting & Solutions India India’s automotive sector is undergoing a major transition as we rapidly approach a vehicle parc of 10 million Battery Electric Vehicles (BEVs). The BEV parc has grown by 57% CAGR from 2020, enabled by the expansion of charging infrastructure and strong policy […]
The disruptions of tomorrow, the report warns, will not look like those of the past. Building the muscle to face them — before they arrive — is what will separate the industry’s winners from the rest. India’s auto component industry has grown at a remarkable 17% CAGR over the past decade, reaching $86 billion (₹7.6 […]
Asia-Pacific commands 43.58% of the global commercial tyre market, driven by booming vehicle production, expanding infrastructure, and strong freight demand across China, India, Japan, and Southeast Asia. The global commercial truck and bus tyre market is on a steady and significant growth trajectory. Valued at $48.82 billion in 2025, it is projected to reach $77.17 […]
Every battery that reaches the end of its life carries inside it the raw materials for the next one. Recycling closes that loop — recovering lithium, cobalt, and nickel to feed back into new battery manufacturing and reducing the industry’s dependence on freshly mined critical minerals. There is a quiet but significant transformation underway at […]
The global electric commercial vehicle market, according to MarketsandMarkets, is on a steep upward curve — set to more than double from $84.64 billion in 2026 to $197.55 billion by 2033, growing at a CAGR of 12.9%. Electric commercial vehicles have moved past the experiment stage. The industry has made its decision — and […]
India’s electric vehicle penetration, currently at around 8.5%, is set to rise to 30% by 2030 — and component manufacturers who move early stand to benefit the most. That was the central message at ASSOCHAM Northern Region’s EV Ancillaries and Auto Components Conclave 2026, held in Gurugram, where government officials and industry leaders called on […]
Growing localisation, technology investments and global confidence position the industry for its next phase of growth The Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component industry, has released the findings of its Industry Performance Review FY2025–26. The industry recorded a turnover of INR 7.60 lakh crore (USD 85.9 billion), […]
India’s electric vehicle (EV) components market is expected to expand eight-fold over the next seven years, with projections showing a rise from ₹41,000 crore in 2025 to ₹3.55 lakh crore by 2032. This forecast comes from the newly released “India Electric Vehicle & Components Market Overview Report” by India Energy Storage Alliance and Customized Energy […]
As governments prioritise food security and emerging economies ramp up investment in cold storage infrastructure, the cold chain industry is poised for a new era of growth. The global cold chain market is on a strong growth trajectory, valued at $276.5 billion in 2026 and projected to reach $455 billion by 2031, growing at a […]
ICRA estimates that the Indian two-wheeler industry will witness moderate wholesale volume growth of 3–5% in FY2027. While growth is expected to remain supported by improved affordability arising from GST rationalisation and replacement demand, the sector could face challenges from a high base effect, a potentially weak monsoon due to El Niño, and inflation-led vehicle price increases. […]
ICRA Limited expects the Indian Passenger Vehicle industry to witness 4–6% volume growth in FY2027, supported by sustained demand momentum, improving affordability following GST rate cuts, and continued traction in utility vehicles. The moderation growth in passenger vehicle wholesale volumes recorded a strong 27% year-on-year growth in May 2026, reaching 4.4 lakh units, while retail sales grew 33% YoY, […]
By Marshall Martin, Program Manager, and Nachiket Devasthale, Senior Consultant – Mobility Growth Advisory, Frost & Sullivan India’s commercial vehicle (CV) industry is evolving as fleet operators increasingly prioritize utilization, fuel efficiency, uptime, and lifecycle economics over upfront acquisition cost. Light commercial vehicles (LCVs) continue to be one of the fastest-growing segments in India’s commercial […]
The aftermarket is evolving beyond simple part replacement, playing a vital role in keeping vehicles reliable, efficient and connected throughout their life. The global automotive parts aftermarket is quietly entering a phase of steady and sustained expansion. As vehicles stay on the road longer and usage continues to rise, the need for regular maintenance and part replacement […]
TheVice President of SIAM and Managing Director and CEO of Ashok Leyland noted that from depending on global technology, India can become a hub for designing and manufacturing commercial vehicles. The year 2047 may seem far away, but for the commercial vehicle industry, that future is already taking shape—in labs, on shop floors and in […]