India Automotive Components Market [2029]- A Deep Dive into the Latest Market Trends, Market Segmentation
According to TechSci Research report, “ India Automotive Components Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the India Automotive Components Market stood at USD 56 Billion in 2023 and is anticipated to grow with a CAGR of 5.34% in the forecast period, 2024-2029. The India Automotive Components Market is experiencing robust growth, driven by a multitude of dynamic factors. The rapid pace of urbanization, coupled with an increase in disposable income, has led to a significant surge in automotive demand across the country. As a result, there has been a substantial boost in the market for automotive components, as manufacturers strive to meet the growing needs of consumers. Furthermore, government initiatives such as 'Make in India' have played a crucial role in encouraging manufacturers to expand their operations within the country. This not only fosters domestic production but also enhances the overall g...