Lot of small and big vendors are contributing to this development. India is having 2nd highest population in the world as on 2023 plus having higher percentage of young population meaning more future prospects on this industry growth and also more electrification & electronification aspects pitching-in for all Small and Big Vehicles across. Also, we know India’s auto components industry’s market share has significantly expanded, led by increasing demand for automobiles by the growing middle class and exports globally. Due to the remarkable growth in demand for Indian auto components, several Indian and international players have entered the industry. India’s auto component industry is broadly classified into organised and unorganised sectors. While the unorganised sector consists of low-valued items and mostly serves the aftermarket category, the organised sector serves OEMs and includes high-value precision instruments.