In fiscal year 2023, the market size for auto components in the country accounted for approximately 67.7 billion U.S. dollars, up from about 56.5 billion U.S. dollars in fiscal year 2022. With the market push for electric vehicles, a number of automotive component companies in India planned to manufacture lithium-ion batteries in the future.
Size of automotive component market across India from financial year 2016 to 2023
(in billion U.S. dollars)
Characteristic
Market size in billion U.S. dollars
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Automotive Component Manufacturers Association of India. (August 7, 2023). Size of automotive component market across India from financial year 2016 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/731216/india-automotive-components-market-size/
Automotive Component Manufacturers Association of India. "Size of automotive component market across India from financial year 2016 to 2023 (in billion U.S. dollars)." Chart. August 7, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/731216/india-automotive-components-market-size/
Automotive Component Manufacturers Association of India. (2023). Size of automotive component market across India from financial year 2016 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/731216/india-automotive-components-market-size/
Automotive Component Manufacturers Association of India. "Size of Automotive Component Market across India from Financial Year 2016 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 7 Aug 2023, https://www.statista.com/statistics/731216/india-automotive-components-market-size/
Automotive Component Manufacturers Association of India, Size of automotive component market across India from financial year 2016 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/731216/india-automotive-components-market-size/ (last visited July 22, 2024)
Size of automotive component market across India from financial year 2016 to 2023 (in billion U.S. dollars) [Graph], Automotive Component Manufacturers Association of India, August 7, 2023. [Online]. Available: https://www.statista.com/statistics/731216/india-automotive-components-market-size/