Indian auto component companies are increasingly looking to expand their global presence through acquisitions and joint ventures. Companies such as Tata AutoComp, Sona Comstar, Minda Corp, and Anand Group have made significant moves in recent months, targeting markets in Europe, Latin America, and Asia. This follows the approach of Motherson, a leading auto component player, which has built a presence in over 40 countries and seen its revenue more than double to $25 billion in FY25.
The Indian auto component industry grew by 9.6% in the financial year 2025, with total revenue at ₹6.73 trillion. However, the sector faces high tariffs in the US, which constitutes nearly a third of the $22 billion exports last fiscal. To overcome this, companies are deploying cash strategically to enter new geographies, strengthen local play in key markets, and increase non-auto related revenue.
Tata AutoComp has acquired companies in the UK and Slovakia, while Sona Comstar has entered the Chinese market through a joint venture. Minda Corp has struck joint ventures in Taiwan, China, and Japan, and Anand Group has acquired a majority stake in a Swiss firm. These moves are aimed at increasing revenue and strengthening the companies’ presence in the global automotive supply chain.
According to industry experts, Indian companies are now actively pursuing global opportunities in their core areas of expertise, such as forgings, castings, interiors, and electronics. They are also looking to build local presence closer to customers, which is a key area highlighted by global customers for improvement. Strategic acquisitions globally are also being considered, with companies looking to buy global assets and use the technology to grow into new spaces while localizing manufacturing to India to be more competitive.
The success of Motherson in acquiring and maintaining businesses across the world has been noted by Indian rivals, who are now making their own international play to replicate some success. However, it is a challenging task, and leaders at companies are making their own strategies to achieve growth. As the Indian auto component industry continues to grow, it is likely that we will see more companies following this approach, leading to increased global presence and revenue.