Archive · 18 Aug 2025
Indian Auto Part Makers Win Billions in Global EV Deals
India's electric vehicle (EV) market is booming!
Sales are up, and the government wants even more EVs on the road.
This is creating a lot of demand for EV parts, like motors and batteries.
Several Indian companies that make these parts are getting big orders from all over the world.
These companies make everything from the parts that make the wheels turn to the wiring and electronics.
They're expanding their factories and creating more jobs.
It's a good time to be in the EV parts business in India!
India's EV sector is experiencing rapid growth, with increased sales in various vehicle categories.
The Indian government aims for significant EV adoption by 2030, targeting high penetration rates across different vehicle types.
This growth is fueling global demand for EV components, leading to large export orders for Indian auto-ancillaries.
Five Indian auto-ancillary companies are highlighted for their success in securing major international EV orders.
These companies offer a range of EV components, from drivetrain systems to electronics, contributing to the EV supply chain.
- Who
- Indian auto-ancillary companies like Sona BLW, Motherson, Sundram Fasteners, Endurance Technologies, and Ramkrishna Forgings.
- What
- Five Indian auto part makers are winning large global contracts in the growing EV sector.
- When
- The EV sector is rapidly growing, with sales increasing in FY25.
- Where
- India, with companies exporting components globally.
- Why
- Driven by growing demand for EVs and government initiatives.
Industry Growth
Challenges of Rapid Expansion
Challenges of Rapid Expansion
Industry Growth
Industry growth can lead to more jobs and economic success.
Challenges of Rapid Expansion
Rapid growth can be hard to manage and may require significant investments in infrastructure, production capacity, and human capital.
- FY25 EV Sales Increase
- 16.9%
- 2-Wheeler EV Growth
- 21.2%
- 2030 EV Target
- 80 million vehicles
- Sona BLW Order Book (Q1 FY26)
- Rs 26,200 crore
- Endurance Technologies - EV Orders (Europe, 5 years)
- €94 million
- Ramkrishna Forgings - Q1 FY26 Order Book
- Rs 660 crore