India's auto ancillary sector is experiencing significant growth beyond traditional vehicle sales volumes. According to reports from Equitymaster.com, the automobile industry recorded a turnover of ₹7.6 trillion in FY26 and is expected to grow by 8-10% in FY27, supported by healthy domestic demand and robust exports. The sector is finding new avenues through higher premiumization, increasing electronic content per vehicle, export opportunities, and the transition towards electric vehicles (EVs).
Lumax Auto Technologies (LATL) is executing its mid-term FY26-31 plan, BRIDGE, to transform from a traditional Tier-1 supplier into a Tier-0.5 system integrator. As reported by Equitymaster.com, the company aims to grow revenue at least 20% CAGR to ₹11,000 crore by FY31, from ₹3,637 crore in FY25. FY26 revenue stood at ₹4,870 crore, up 34% YoY, with Ebitda growing 36.7% YoY to ₹710 crore and margins at 14.5%. The acquisition of a 60% stake in Greenfuel Energy Solutions will remain a key growth driver over the next 3-5 years.
SJS Enterprises is investing approximately ₹270 crore across multiple growth initiatives to maintain its momentum. According to Equitymaster.com, the company plans to increase its legacy per-vehicle PV kit value by 5-8x from ₹1,200-1,500 per vehicle to ₹3,500-5,000 per vehicle, while targeting exports to reach 14-15% of revenue by FY28 from 9.5% in FY26. The company has a net cash position of ₹2.4 billion to fund these expansion plans, including a new greenfield facility in Pune and a plant in Hosur for display system assembly.
Ramkrishna Forgings secured around ₹280 crore in new automotive orders in Q1FY27 with a programme life of four years, with PVs accounting for 82% and two-wheelers for 18%. As reported by Equitymaster.com, the company has completed the majority of its capex and is targeting overall capacity utilization of 75-80%. The recent commissioning of 28,800 MT of casting capacity has broadened growth platforms, with casting volumes increasing 84.8% YoY in Q1FY27. The company expects revenue to reach ₹8,000 crore by FY29 at a CAGR of 22-25%.
Pricol is executing a ₹700 crore capex cycle over 18-24 months to support its growth strategy. According to Equitymaster.com, the company aims to double its FY26 revenue of ₹3,960 crore to ₹8,000 crore by FY31. Five new factories are at the heart of this expansion, with three plants currently being commissioned and another under construction. The company has a dominant market position in the DIS segment with 30-35% share in the 2W market and 66.7% in CVs. Pricol's key growth opportunity lies in the auto sector's transition towards high-end graphics, advanced safety systems and connected technology.
