The Indian auto ancillary sector is a critical part of the country’s automotive ecosystem, supplying essential components to vehicle manufacturers both domestically and internationally. The market was valued at approximately ₹6.14 trillion in FY24 and is projected to grow at a CAGR of 10.67% from FY25 to FY29 (GlobeNewswire).
Despite potential challenges like foreign exchange fluctuations and commodity price volatility, the sector is poised for strong growth, driven by increasing electric vehicle (EV) adoption and localization efforts. Here are three leading auto ancillary stocks to keep on your radar:
1. Wheels India Limited (TVS Group)
76% market share in Light Commercial Vehicles (LCV)
52% market share in Tractors
36% market share in Medium & Heavy Commercial Vehicles (MHCV)
34% market share in Passenger Vehicles
2. Gabriel India Limited (ANAND Group)
88% market share in commercial vehicles, railways, and automotive manufacturing
3. Lumax Auto Technologies Limited
80% market share in manual gear shifters (through its subsidiary, Lumax Mannoh)
Supplies to Maruti Suzuki, Hero MotoCorp, Mahindra, and other major OEMs
Final Thoughts
These top auto ancillary stocks are well-positioned to benefit from India’s growing automotive sector. EV expansion, localization, and rising vehicle demand will likely drive their long-term growth. Keep an eye on these companies for potential investment opportunities! 🚗📈
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