Impact of EV transition on domestic auto ancillary market Regarded as the world’s sourcing hub for automobile components, the Indian auto component industry has witnessed strong revenue growth of about 13% CAGR from 2013 to 2019 to reach USD57 billion[1]. Out of the total FY2019 revenue of USD57 billion, approx. 65% is contributed by sales to domestic Original Equipment Manufacturers (OEMs). While the remaining 35% comes from export and aftermarket/ replacement segment. With the automotive sector transitioning towards electric mobility,…