Auto Ancillary Stocks

The auto ancillary sector in India plays a crucial role in supporting the automotive industry by supplying essential components such as tyres, batteries, brakes and other spare parts. These stocks represent companies that manufacture and supply these parts to original equipment manufacturers (OEMs) and the aftermarket. The sector is vital for the smooth functioning of the automotive industry, contributing significantly to India’s economy. Auto ancillary stocks are known for their growth potential, driven by rising vehicle demand, advancements in technology and government initiatives promoting electric vehicles (EVs) and infrastructure development.