India's auto parts industry likely to grow 10 pc through FY30

IANS | July 30, 2026 12:02 PM

New Delhi, July 30 (IANS) India’s auto component industry is likely to grow at a compound annual growth rate of about 10 per cent through fiscal 2030 as manufacturers diversify into higher‑margin precision engineering sectors such as semiconductor equipment, defence, aerospace and data‑centre power generation, a new report has said.