25 Sep 2025 | 5 Mins Read
Car supplier stocks are quietly minting fortunes
Flipitmoney
Shares of Indian auto component companies rose significantly amid the auto industry's surge, driven by GST rate cuts. Top performers include Banco Products (42%), JTEKT India (33%), and Minda Corporation (8% in one day). The auto components market is projected to reach $200 billion by 2030, growing at 18% CAGR, outpacing the 8.8% CAGR of the auto sector.