Top 10 auto parts manufacturing companies in India


India is an emerging as one of the major global hubs for auto parts manufacturing, the industry is exporting over 25% of its total production. Auto component exports are expected to grow and reach US$ 30 billion in FY26. PLI schemes on automobile & components are expected to bring a capex of Rs. 74,850 crores in another five years.

India is providing cost-effective solutions in comparison to other countries because it is the second largest steel producer globally. India has several leading auto parts manufactures, here is a list of top auto parts manufacturing companies in India:

Usha International Ltd: Usha is well-known company, that was founded in 1934. It is based in Gurgaon, India. Along with auto components, they manufacturers home appliances, sewing machines, fans, power products, water coolers and dispensers, and farm equipment. Usha International Limited has five directors – Chhaya Shriram, Anil Kumar Jain, and others.

Operating RevenueOver INR 500 cr
EBITDA399.66 %
Networth41.18 %
Debt/Equity Ratio1.29
Return on Equity29.17 %


Rane Holdings Ltd: Rane Holdings is major auto parts manufactures, founded in year. Its huge product portfolio includes steering gear, suspension and steering linkage, die casting, engine valve, valve guides, brake linings, disc pads, clutch facings, hydraulic power steering gear, hydraulic pumps, seat belts, and airbags. Rane Holdings Limited has six directors – Ganesh Lakshminarayan, Harish Lakshman, and others.

Operating RevenueINR 1 cr – 100 cr
EBITDA-42.23 %
Networth1.97 %
Debt/Equity Ratio0.14
Return on Equity0.29 %


Minda Industries Ltd: The company is a leading Tier 1 supplier of proprietary automotive solutions to original equipment manufacturers. It is based in Manesar, Haryana. It has 52 manufacturing plants in 7 countries. Now the company is known as Uno Minda Limited and has ten directors – Anand Kumar Minda, Nirmal Kumar Minda, and others.

Operating RevenueOver INR 500 cr
EBITDA19.69 %
Networth25.30 %
Debt/Equity Ratio0.31
Return on Equity7.22 %


Automotive Axles Ltd: The company is the biggest manufacturer of Indian automotive axels and rear drive axle assemblies. The company was founded in year 1981 based in Mysuru, Bangalore. The main product ranges are drive axles, front steer axles, defense axles, off-highway axles, non-drive axles, drum brakes, and disc brakes. Automotive Axles Limited has seven directors – Bhoopalam Chandrashekharaiah Prabhakar, Babasaheb Neelkanth Kalyani, and others.

Operating RevenueOver INR 500 cr
EBITDA-29.43 %
Networth4.16 %
Debt/Equity Ratio0.03
Return on Equity4.10 %


Munjal Showa Ltd: Munjal Showa Ltd is one of largest suppliers of shock absorbers, and serves clients in many like India, Japan, Germany, US, United Kingdom. It was founded in 1985 as a collaboration with Japan-based Showa Corporation. Munjal Showa Limited has nine directors – Yogesh Chander Munjal, Ashok Kumar Munjal, and others.

Operating RevenueOver INR 500 cr
EBITDA-56.34 %
Networth1.40 %
Debt/Equity Ratio0.00
Return on Equity4.08 %


Sundaram-Clayton Ltd: Sundaram Clayton is a prominent name in the Indian auto parts market. The company was founded in year 1962 offers brakes, axles, road wheels, gearboxes, suspension shock absorbers, radiators, exhaust pipes, catalyzers, clutches, steering wheels, steering boxes, die-casting, additionally they give machining, inspection and testing services. Sundaram -Clayton Limited has nine directors – Venu Srinivasan, Kuppusamy Iyengar Gopaladesikan, and others.

Operating RevenueOver INR 500 cr
EBITDA9.16 %
Networth20.43 %
Debt/Equity Ratio0.70
Return on Equity10.59 %


India Nippon Electricals Ltd: The company is one of the leading manufacturers of electronic ignition systems for two wheelers, three wheelers and portable engines. It is a joint venture of Lucas Indian Service Limited and MAHLE Electric Drives Japan Corporation, founded in 1986. India Nippon Electricals Limited has 12 directors – Tirumala Kumara Balaji, Ranganathan Vijayaraghavan, and others.

Operating RevenueINR 100 cr – 500 cr
EBITDA-18.50 %
Networth7.40 %
Debt/Equity Ratio0.00
Return on Equity9.04 %


Menon Bearings Ltd: The company is one of the India’s leading engine bearings manufacturers. Its products are used in automotive engines, generators, compressors, stationary engines, marine engines, and earth movers and tillers. Menon Bearings Limited has six directors – Santosh Kamlesh Prabhu, Ramesh Dattatraya Dixit, and others.

Operating RevenueINR 100 cr – 500 cr
EBITDA15.81 %
Networth11.92 %
Debt/Equity Ratio0.30
Return on Equity19.04 %


Mahindra CIE Automotive Ltd: Mahindra CIF is a well-established company in automotive field. The company’s product ranges are engine components, steering components, automotive chassis, connecting rods, steering knuckles, stabilizer bars, leaf spring saddles, spindles etc. Mahindra Cie Automotive Limited has 12 directors – Shriprakash Shukla, Dhananjay Narendra Mungale, and others.

Operating RevenueOver INR 500 cr
EBITDA112.07 %
Networth2.67 %
Debt/Equity Ratio0.05
Return on Equity2.72 %


To know more details of companies, the major stakeholders, their network, the revenue of the companies, and many more important details. Explore the subscription plans available with us. Click here.