Top 10 Auto Component Manufacturers in India: The Companies Powering the Automotive Industry

India is recognised globally as one of the largest vehicle-manufacturing markets, but behind every car, motorcycle, commercial vehicle and tractor is an equally important ecosystem of component suppliers.

From wiring harnesses, lighting systems and switches to forgings, braking systems, transmissions and advanced electronics, Indian auto-component manufacturers have steadily expanded their technological capabilities. Several companies that began as domestic suppliers have now evolved into multinational Tier-1 manufacturers serving global automotive brands.

The Indian auto-component industry recorded turnover of approximately ₹6.73 lakh crore in FY2024-25. Rising vehicle production, increasing localisation, export demand and the growing electronic content in vehicles supported the sector’s expansion.

Here are ten of India’s largest and most influential auto-component manufacturers, ranked primarily by their latest comparable annual consolidated revenue.

Top 10 Auto Component Manufacturers in India by Revenue

Rank	Company	Latest Comparable Annual Revenue	Principal Product Areas
1	Samvardhana Motherson International	₹1,13,663 crore	Wiring harnesses, mirrors, modules, interiors and polymer components
2	Bosch Limited	₹18,087 crore	Powertrain systems, fuel injection, electronics, aftermarket and mobility solutions
3	Uno Minda Limited	₹16,775 crore	Switches, lighting, alloy wheels, seating, sensors and controllers
4	Bharat Forge Limited	₹15,123 crore	Forged and machined components, chassis, powertrain, defence and industrial products
5	Endurance Technologies	₹11,561 crore	Aluminium castings, suspension, braking and transmission systems
6	Schaeffler India	Approximately ₹8,100 crore*	Bearings, engine systems, transmission components and aftermarket products
7	Varroc Engineering	Approximately ₹8,000 crore	Lighting, electronics, polymers and metallic components
8	Sundram Fasteners	Approximately ₹6,000 crore	Fasteners, radiator caps, pumps, powder-metal parts and machined components
9	Minda Corporation	₹5,056 crore	Locks, wiring harnesses, instrument clusters, sensors and vehicle electronics
10	ZF Commercial Vehicle Control Systems India	Approximately ₹3,940 crore	Air brakes, vehicle-control systems, ADAS and commercial-vehicle technologies

*Schaeffler India reports according to the calendar year. Consequently, its CY2024 revenue has been used, while most other companies are represented by FY2024-25 figures. Revenues have been rounded for easier comparison.

1. Samvardhana Motherson International

Samvardhana Motherson International, commonly known as Motherson, is comfortably India’s largest auto-component manufacturer by revenue. The company reported consolidated revenue of approximately ₹1.14 lakh crore in FY2024-25, placing it in a different league from most domestic component suppliers.

Motherson has built a highly diversified global portfolio that includes wiring harnesses, rear-view mirrors, vision systems, cockpit modules, bumpers, door panels, dashboards and other polymer-based components. Its acquisition-led expansion has given the group manufacturing and engineering operations across major global automotive markets.

The company supplies almost every major international vehicle manufacturer. Its scale also means that its performance is linked not only to Indian automobile production but to vehicle demand across Europe, North America, China and other regions. Motherson is now diversifying into aerospace, logistics, healthcare, consumer electronics and other non-automotive businesses. Nevertheless, automotive components continue to form the foundation of the group.

2. Bosch Limited

Bosch Limited is the listed flagship of the Bosch Group in India and one of the country’s most technologically advanced automotive suppliers. The company generated revenue of approximately ₹18,087 crore in FY2024-25.

Bosch has traditionally been associated with diesel and petrol fuel-injection systems, engine-management systems and automotive aftermarket products. Its portfolio has expanded considerably to include vehicle electronics, sensors, electrification technologies, braking solutions, two-wheeler systems and software-supported mobility products.

Its long-standing relationships with Indian passenger-vehicle, commercial-vehicle, tractor and two-wheeler manufacturers provide Bosch with a broad customer base.

As vehicles become more connected, software-defined and electrified, Bosch’s capabilities in electronics, sensors, semiconductors and control systems are likely to become increasingly important.

3. Uno Minda Limited

Uno Minda has emerged as one of India’s fastest-growing diversified auto-component groups. The company reported consolidated revenue of approximately ₹16,775 crore in FY2024-25, representing growth of around 20% over the previous year.

Its product portfolio includes automotive switches, lighting systems, alloy wheels, seating systems, horns, controllers, sensors, air filters and several electric-vehicle components. The company supplies both two-wheeler and four-wheeler manufacturers, reducing its dependence on any single vehicle category.

Uno Minda has expanded through joint ventures with international technology companies while progressively localising advanced components in India. New investments in alloy wheels, lighting, electronics, sensors and electric-mobility systems are strengthening its content per vehicle.

The rising adoption of premium features such as connected systems, wireless chargers, electronic controllers and advanced lighting offers Uno Minda a larger opportunity than vehicle-volume growth alone.

4. Bharat Forge Limited

Bharat Forge is among the world’s largest forging companies and one of India’s most prominent engineering exporters. It recorded consolidated revenue of approximately ₹15,123 crore in FY2024-25.

The company manufactures forged and machined components for passenger vehicles, commercial vehicles, tractors and off-highway equipment. Its products include crankshafts, front-axle assemblies, transmission parts, chassis components and other safety-critical products.

Unlike several suppliers that remain heavily dependent on passenger vehicles, Bharat Forge has diversified into defence, aerospace, railways, marine applications, construction equipment, oil and gas, and renewable-energy systems.

This diversification reduces its dependence on any single automotive market, although commercial-vehicle demand in India, Europe and North America remains an important influence on its performance. Bharat Forge is also investing in electric-mobility platforms and lightweight components while building a sizeable defence manufacturing business.

5. Endurance Technologies

Endurance Technologies is one of India’s largest suppliers to the two-wheeler and three-wheeler industry. The company reported consolidated revenue of approximately ₹11,561 crore in FY2024-25.

Its major product categories include aluminium die-castings, suspension systems, braking products, clutches and transmission components. Endurance has particularly strong relationships with Indian motorcycle and scooter manufacturers. The company also has a significant European operation supplying aluminium castings and automotive components to passenger-vehicle manufacturers. This creates both geographic diversification and exposure to global automotive cycles.

Endurance is increasing its participation in premium braking systems, electronic braking technologies and electric-vehicle components. Its aluminium-casting expertise could remain valuable as manufacturers attempt to reduce vehicle weight and improve energy efficiency.

6. Schaeffler India

Schaeffler India is a major manufacturer of bearings, engine components, transmission products and motion-control systems. Its revenue for CY2024 was approximately ₹8,100 crore.

The company serves automotive as well as industrial customers. Within the mobility segment, Schaeffler manufactures products used in engines, transmissions, chassis systems and electric powertrains. Its brands include Schaeffler, LuK, INA and FAG.

Schaeffler’s Indian business benefits from the increasing localisation of advanced transmission and engine technologies. At the same time, the company is preparing for the transition towards hybrid and electric vehicles through products such as electric axles, thermal-management systems and components for electrified drivetrains. Its industrial division, covering bearings and motion technologies for factories, railways, wind energy and other applications, gives the business additional diversification.

7. Varroc Engineering

Varroc Engineering is a global Tier-1 supplier with a strong presence in automotive lighting, electrical and electronic systems, polymer products and precision metallic components.

The company has traditionally maintained a particularly strong position in the two-wheeler market, supplying lighting, electrical and polymer components to several prominent manufacturers. It also supplies passenger-car, commercial-vehicle and off-highway customers.

Following the divestment of its global four-wheeler lighting business, Varroc has concentrated on strengthening its core operations, improving profitability and reducing debt. Its current strategy places greater emphasis on electronics, connected products, electric-vehicle systems and value-added lighting technologies.

The growth of LED lighting, digital instrument clusters, body-control modules and vehicle electronics could support a gradual increase in Varroc’s component value per vehicle.

8. Sundram Fasteners

Sundram Fasteners, part of the TVS Group, is one of India’s best-established manufacturers of high-tensile fasteners and precision-engineered components. Its portfolio includes fasteners, radiator caps, water pumps, oil pumps, powder-metal components, cold-extruded parts and precision-machined products. These components are supplied to passenger-vehicle, commercial-vehicle, tractor, construction-equipment and industrial customers.

Sundram Fasteners has also developed a meaningful export business, supplying global manufacturers in North America and Europe. Its reputation for manufacturing quality and operational discipline has made it a long-term supplier to several international customers.

Although fasteners may appear less glamorous than vehicle electronics, they are safety-critical components that require high levels of precision, consistency and material expertise. This creates significant barriers for new entrants.

9. Minda Corporation

Minda Corporation, the flagship company of the Spark Minda Group, reported its highest-ever consolidated revenue of approximately ₹5,056 crore in FY2024-25. The company manufactures lock sets, wiring harnesses, instrument clusters, die-cast components, sensors, controllers and vehicle-access systems. It supplies two-wheelers, passenger vehicles, commercial vehicles and off-road equipment manufacturers.

Minda Corporation is expanding beyond traditional mechanical products into vehicle electronics. Smart keys, digital instrument clusters, electronic controllers, sensors and connected-vehicle products are becoming increasingly important within its portfolio. The company’s acquisition of a strategic stake in Pricol also reflects the broader consolidation and technological transformation taking place within the Indian component industry.

10. ZF Commercial Vehicle Control Systems India

ZF Commercial Vehicle Control Systems India, formerly known as WABCO India, is one of the country’s leading suppliers of braking and control technologies for commercial vehicles.

The company generated revenue of approximately ₹3,940 crore in FY2024-25. Its portfolio includes air-brake systems, compressors, anti-lock braking systems, electronic braking systems, automated manual transmission controls and advanced driver-assistance technologies.

ZF CV India enjoys a particularly strong position in India’s commercial-vehicle braking market. Increasing safety regulation and the adoption of electronic control systems should support demand for higher-value products. The company also benefits from India’s role as an engineering and manufacturing base for the wider ZF Group, including the export of components and software services.

What Is Driving India’s Auto-Component Industry?

India’s component industry is benefiting from several structural growth drivers.

Vehicle manufacturers are localising more components to reduce costs, improve supply-chain resilience and meet regulatory requirements. At the same time, Indian suppliers are winning export orders as global automakers look to diversify their sourcing beyond traditional manufacturing locations.

Another major driver is the increasing component value per vehicle. Even when industry volumes grow moderately, the adoption of LED lighting, digital displays, sensors, cameras, advanced braking, automatic transmissions, connected systems and electric powertrains can generate faster revenue growth for suppliers. Government localisation programmes and production-linked incentives are also encouraging investment in advanced automotive technology. However, India continues to depend on imports for several high-value categories, including semiconductors, battery cells, rare-earth magnets and some sophisticated electronic components.

The EV Transition Will Create Winners and Losers

Electrification represents both an opportunity and a risk for component manufacturers.

Suppliers focused heavily on internal-combustion-engine products may face gradual pressure as electric vehicles gain share. Components such as fuel-injection systems, exhaust products and certain engine parts have limited application in battery-electric vehicles.

At the same time, opportunities are emerging in motors, inverters, battery-management systems, thermal-management products, lightweight castings, electronic controllers, high-voltage wiring and electric braking systems.

Companies such as Motherson, Bosch, Uno Minda, Schaeffler, Endurance and Minda Corporation are therefore investing in EV-compatible and technology-neutral product categories. Suppliers with strong balance sheets, engineering capabilities and relationships with multiple vehicle manufacturers are likely to adapt more effectively.

India’s Component Makers Are Becoming Global Companies

The most important transformation within the sector is that Indian suppliers are no longer competing only on low manufacturing costs. Motherson has built a global business through acquisitions. Bharat Forge has developed advanced engineering capabilities across automotive, defence and aerospace applications. Uno Minda has used international joint ventures to localise sophisticated technologies, while Endurance, Varroc and Sundram Fasteners have established substantial export operations.

The next stage of growth will depend on intellectual property, electronics, software integration, research and development, and the ability to manage global supply chains.

Top 10 Auto Component Manufacturers in India by Revenue

India’s top 10 auto component manufacturers ranked by their latest comparable annual revenue.

Conclusion

India’s largest auto-component manufacturers represent a wide variety of business models. Motherson leads through global scale and acquisitions, Bosch through technology, Uno Minda through product expansion, Bharat Forge through engineering and diversification, and Endurance through its strong position in two-wheeler components.

Meanwhile, Schaeffler, Varroc, Sundram Fasteners, Minda Corporation and ZF CV India occupy strategically important positions across bearings, lighting, electronics, fasteners, vehicle-access systems and commercial-vehicle safety technologies.

As India moves towards becoming a larger global automotive manufacturing and export hub, these suppliers will play a central role. Their ability to invest in electronics, localisation, electric mobility and advanced manufacturing will determine which companies lead the next phase of the country’s automotive growth story.

Methodology and Disclaimer

The ranking is based primarily on the latest broadly comparable annual consolidated revenue reported for FY2024-25. Schaeffler India follows the calendar year and has therefore been represented using CY2024 figures. Revenues have been rounded.

The list covers prominent listed auto-component manufacturers and is intended to provide an industry overview rather than an exhaustive ranking of every private and public supplier operating in India. Tyre, battery and lubricant manufacturers have been excluded to maintain focus on diversified mechanical, electrical and electronic automotive-component suppliers.