India's automotive parts and components market was around 70 billion U.S. dollars at the end of fiscal year 2023. The huge drop in the market size in financial year 2020 was mainly due to the impact of the coronavirus pandemic. Domestic original equipment manufacturer supplies contributed a share of about 66 percent to the market. Exports contributed a share of about 25 percent and the domestic aftermarket had a share of 20 percent in the industry turnover.
Size of India's automotive parts market from financial year 2008 to 2023
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Market size in billion U.S. dollars
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India Brand Equity Foundation. (May 1, 2024). Size of India's automotive parts market from financial year 2008 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/318039/automotive-parts-market-size-in-india/
India Brand Equity Foundation. "Size of India's automotive parts market from financial year 2008 to 2023 (in billion U.S. dollars)." Chart. May 1, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/318039/automotive-parts-market-size-in-india/
India Brand Equity Foundation. (2024). Size of India's automotive parts market from financial year 2008 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/318039/automotive-parts-market-size-in-india/
India Brand Equity Foundation. "Size of India's Automotive Parts Market from Financial Year 2008 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 May 2024, https://www.statista.com/statistics/318039/automotive-parts-market-size-in-india/
India Brand Equity Foundation, Size of India's automotive parts market from financial year 2008 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/318039/automotive-parts-market-size-in-india/ (last visited July 22, 2024)
Size of India's automotive parts market from financial year 2008 to 2023 (in billion U.S. dollars) [Graph], India Brand Equity Foundation, May 1, 2024. [Online]. Available: https://www.statista.com/statistics/318039/automotive-parts-market-size-in-india/