₹70,300-crore auto-component investment wave gathers pace

Auto-component manufacturers in India are planning to invest ₹70,300 crore in new projects from FY27 to FY29.

These projects focus on electric vehicles (EVs), batteries, and making more parts locally.

This is part of a bigger plan worth ₹4.76 lakh crore across 184 projects.

The industry is moving from just making more parts to using new technologies.

Experts say this will help the industry grow, but there are risks like higher costs and global market changes.

Some experts think profits will go up, while others think they might go down because of these risks.