Auto Parts Sector Reports 12.5% Revenue Growth in FY2026

In fiscal year 2026, the automotive components industry reported a 12.5% year-over-year increase in revenue, primarily driven by steady sales growth and an optimized product mix. During the same period, the industry faced operational pressures due to rising raw material costs. Forecasts indicate that the passenger vehicle market will grow by 7% in the next fiscal year, while the two-wheeler market is expected to expand by 8%. Several leading OEMs achieved above-average growth, fueled by factors including an expanded product portfolio, strategic positioning in niche segments, regional market expansion, and external growth initiatives.