Goldman Sachs sees India auto-parts revenue growing 10% annually through FY30
India’s auto-parts and precision-machining industry could expand from $85.6 billion in FY26 to $124.4 billion by FY30, Goldman Sachs said, driven by EVs, semiconductors, defence demand, exports and supply-chain diversification. EBITDA is projected to grow at a 15% CAGR.
Goldman Sachs forecasts India’s precision machining and auto-parts industry will grow revenue at a 10% CAGR through FY30, supported by EVs, semiconductors, defence, exports and supply-chain diversification. EBITDA is projected to rise at a 15% CAGR.
Why this matters
No related recent signals are listed. Goldman Sachs’ FY30 forecast establishes a growth outlook for India’s auto-parts sector, supported by EV adoption, export demand and supply-chain diversification.
Retail-company signals are accelerating, up 1,027,700% QoQ.