New Delhi, April 1 -- India's auto components industry is poised for structural growth as global supply chains realign, with process-led manufacturers expected to emerge as key beneficiaries, according to a report by Avendus.

The report highlighted that the global automotive sector is undergoing a "structural reset," driven by electrification, cost pressures, and geopolitical shifts, which is prompting original equipment manufacturers (OEMs) to rethink sourcing strategies. "Cost optimization is becoming a strategic imperative... setting in motion a broader realignment of the auto components value chain," it noted.

India is emerging as a key beneficiary of this transformation. The country has built a competitive manufacturing ecosystem o...