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Auto-component sector set for 18% CAGR to US$200 billion by 2030; 10 stocks flagged
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India’s auto-component industry is tipped to grow at 18% CAGR to US$200 billion by 2030, with select listed suppliers flagged for structural upside.
India’s auto-component industry is projected to grow at an 18% CAGR and reach roughly US$200 billion by 2030, driven by electric-vehicle adoption, rising exports and domestic demand. According to analysts, listed suppliers such as Samvardhana Motherson International Ltd and others are well positioned to benefit from this cycle. The theme is gaining traction among equity investors looking for structural growth outside the core large caps. Brokerage houses identified about 10 stocks with high upside potential based on margin improvement, global sourcing advantages and strong order flows.