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This report is the outcome of a study on the Indian auto component industry’s growth potential and aspirations, defining trends, the opportunities thus created, and the way forward to capture these opportunities. We thank the Automotive Component Manufacturers Association of India (ACMA) for inviting us to share our perspective on the way ahead for auto component manufacturers in India. We are grateful to the ACMA leadership, particularly Arvind Balaji, Arvind Kapur, Ashok Taneja, Deepak Jain, Harish Lakshman, N.K. Minda, Ram Venkataramani and Sanjay Labroo for their inputs and support during this study. We also thank Vinnie Mehta and the ACMA secretariat for supporting us during this study. We express our gratitude to several automotive industry leaders who shared their perspectives on this topic, particularly C.V. Raman, Hemant Sikka, Sandeep Sinha, Shradha Suri Marwah, Soumitra Bhattacharya and Vikram Kasbekar. The report was made possible through the efforts of the McKinsey working team of Gandharv Vig (Knowledge Expert) and Salil Aggarwal (Associate). We thank Anamika Mukharji from the Client Communications team for her editorial inputs, Natasha Wig and Fatema Nulwala from the External Communications team for their support and Manali Raul and Vineet Thakur from our Visual Aids team for designing this report.
 

This report is the outcome of a study on the Indian auto component industry’s growth potential and aspirations, defining trends, the opportunities thus created, and the way forward to capture these opportunities. We thank the Automotive Component Manufacturers Association of India (ACMA) for inviting us to share our perspective on the way ahead for auto component manufacturers in India. We are grateful to the ACMA leadership, particularly Arvind Balaji, Arvind Kapur, Ashok Taneja, Deepak Jain, Harish Lakshman, N.K. Minda, Ram Venkataramani and Sanjay Labroo for their inputs and support during this study. We also thank Vinnie Mehta and the ACMA secretariat for supporting us during this study. We express our gratitude to several automotive industry leaders who shared their perspectives on this topic, particularly C.V. Raman, Hemant Sikka, Sandeep Sinha, Shradha Suri Marwah, Soumitra Bhattacharya and Vikram Kasbekar. The report was made possible through the efforts of the McKinsey working team of Gandharv Vig (Knowledge Expert) and Salil Aggarwal (Associate). We thank Anamika Mukharji from the Client Communications team for her editorial inputs, Natasha Wig and Fatema Nulwala from the External Communications team for their support and Manali Raul and Vineet Thakur from our Visual Aids team for designing this report.

This report is the outcome of a study on the Indian auto component industry’s growth potential and aspirations, defining trends, the opportunities thus created, and the way forward to capture these opportunities. We thank the Automotive Component Manufacturers Association of India (ACMA) for inviting us to share our perspective on the way ahead for auto component manufacturers in India. We are grateful to the ACMA leadership, particularly Arvind Balaji, Arvind Kapur, Ashok Taneja, Deepak Jain, Harish Lakshman, N.K. Minda, Ram Venkataramani and Sanjay Labroo for their inputs and support during this study. We also thank Vinnie Mehta and the ACMA secretariat for supporting us during this study. We express our gratitude to several automotive industry leaders who shared their perspectives on this topic, particularly C.V. Raman, Hemant Sikka, Sandeep Sinha, Shradha Suri Marwah, Soumitra Bhattacharya and Vikram Kasbekar. The report was made possible through the efforts of the McKinsey working team of Gandharv Vig (Knowledge Expert) and Salil Aggarwal (Associate). We thank Anamika Mukharji from the Client Communications team for her editorial inputs, Natasha Wig and Fatema Nulwala from the External Communications team for their support and Manali Raul and Vineet Thakur from our Visual Aids team for designing this report.

This report is the outcome of a study on the Indian auto component industry’s growth potential and aspirations, defining trends, the opportunities thus created, and the way forward to capture these opportunities. We thank the Automotive Component Manufacturers Association of India (ACMA) for inviting us to share our perspective on the way ahead for auto component manufacturers in India. We are grateful to the ACMA leadership, particularly Arvind Balaji, Arvind Kapur, Ashok Taneja, Deepak Jain, Harish Lakshman, N.K. Minda, Ram Venkataramani and Sanjay Labroo for their inputs and support during this study. We also thank Vinnie Mehta and the ACMA secretariat for supporting us during this study. We express our gratitude to several automotive industry leaders who shared their perspectives on this topic, particularly C.V. Raman, Hemant Sikka, Sandeep Sinha, Shradha Suri Marwah, Soumitra Bhattacharya and Vikram Kasbekar. The report was made possible through the efforts of the McKinsey working team of Gandharv Vig (Knowledge Expert) and Salil Aggarwal (Associate). We thank Anamika Mukharji from the Client Communications team for her editorial inputs, Natasha Wig and Fatema Nulwala from the External Communications team for their support and Manali Raul and Vineet Thakur from our Visual Aids team for designing this report.
This report is the outcome of a study on the Indian auto component industry’s growth potential and aspirations, defining trends, the opportunities thus created, and the way forward to capture these opportunities. We thank the Automotive Component Manufacturers Association of India (ACMA) for inviting us to share our perspective on the way ahead for auto component manufacturers in India. We are grateful to the ACMA leadership, particularly Arvind Balaji, Arvind Kapur, Ashok Taneja, Deepak Jain, Harish Lakshman, N.K. Minda, Ram Venkataramani and Sanjay Labroo for their inputs and support during this study. We also thank Vinnie Mehta and the ACMA secretariat for supporting us during this study. We express our gratitude to several automotive industry leaders who shared their perspectives on this topic, particularly C.V. Raman, Hemant Sikka, Sandeep Sinha, Shradha Suri Marwah, Soumitra Bhattacharya and Vikram Kasbekar. The report was made possible through the efforts of the McKinsey working team of Gandharv Vig (Knowledge Expert) and Salil Aggarwal (Associate). We thank Anamika Mukharji from the Client Communications team for her editorial inputs, Natasha Wig and Fatema Nulwala from the External Communications team for their support and Manali Raul and Vineet Thakur from our Visual Aids team for designing this report.