New Delhi, Aug. 12 -- India's auto ancillary sector is finding growth beyond rising vehicle sales. Higher premiumization, increasing electronic content per vehicle, export opportunities and the transition towards electric vehicles (EVs) are opening new avenues for component manufacturers.

The automobile industry recorded a turnover of Rs.7.6 trillion (tn) in FY26 and is expected to grow by 8-10% in FY27, supported by healthy domestic demand and robust exports.

Against this backdrop, several small-cap auto ancillary companies are expanding capacity, diversifying product portfolios and entering new segments to drive their next phase of growth.

Here are five such companies.

Lumax Auto Technologies (LATL), part of the DK Jain Group, manuf...