Auto component makers gearing up for likely disruption from EV mobility

Many are diversifying into non-engine parts, and are focused on BS-VI, as they feel internal combustion will be around for a while

Over the past two years, the din around India’s ambitious plan to convert itself into an all-electric vehicle market by 2030 has been growing louder. Manufacturers of engine and transmission parts, who would be at the centre of the disruption, aren't worried, however. These companies account for more than half the $43.5 billion revenue of India’s auto component industry, according to Auto Component Manufacturers Association of India (Acma), the lobby for auto parts makers.

Even as these companies are looking to diversify into non-engine parts, scouting for acquisitions to stay relevant in the newly emerging eco-system, they are confident