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Chasing carmaker stocks? Here's the hidden $80 billion auto play that's quietly minting fortunes
Navratri sales boost the auto sector. Auto component makers are growing faster than car companies. Shares of Banco Products and JTEKT India rise sharply. The auto components market is expected to reach $200 billion by 2030. Premiumization and EV transition are driving growth. Government policies support domestic manufacturing. Experts suggest auto ancillaries offer better investment opportunities.
Navratri sales boost the auto sector. Auto component makers are growing faster than car companies. Shares of Banco Products and JTEKT India rise sharply. The auto components market is expected to reach $200 billion by 2030. Premiumization and EV transition are driving growth. Government policies support domestic manufacturing. Experts suggest auto ancillaries offer better investment opportunities.
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