Goldman Sachs expects India’s auto parts industry to expand at roughly a 10% compound annual growth rate (CAGR) through FY30. The firm links the projected growth to a broadening of revenue streams beyond traditional parts manufacturing, citing diversification into areas such as semiconductors, defence, electric vehicles (EVs), and aerospace. Under this outlook, the sector’s revenue is projected to reach about $124.4 billion by the end of the period.
Both outlets reporting the figures present the estimate as a forward-looking projection rather than a current performance assessment. They do not specify which segments or companies drive the forecast, nor do they detail underlying assumptions such as investment levels, demand trends, or supply-chain constraints. Still, the common theme across the coverage is that new industrial end-markets and technology-related segments are expected to support growth momentum in India’s auto parts supply chain through FY30.
