New Delhi, June 11 -- Diversification strategies and rising vehicle premiumisation emerged as the key drivers of growth in India's auto ancillary sector over the past decade, helping the industry triple its revenues despite uneven performance across segments, according to a report by Equirus Securities.

The report noted that the listed auto ancillary universe delivered an 11 per cent revenue CAGR during FY16-26, with revenues growing threefold to around Rs 5 trillion.

According to the report, "India's listed auto ancillary sector grew revenues 3x over FY16-26," but "the decade was not one story -- it was fifty-two stories running simultaneously."

Highlighting the factors behind the sector's growth, the report said, "Diversification bea...