EV transition pushes auto component makers to reinvent business models in Haryana
India's expanding EV market offers major opportunities for auto component MSMEs, with EV penetration expected to rise from 8.5% to 30% by 2030. Industry leaders urged manufacturers to diversify into EV components, invest in innovation, localisation, quality and advanced manufacturing, while leveraging Haryana's supportive policies to strengthen domestic and global competitiveness.
India's expanding EV market offers major opportunities for auto component MSMEs, with EV penetration expected to rise from 8.5% to 30% by 2030. Industry leaders urged manufacturers to diversify into EV components, invest in innovation, localisation, quality and advanced manufacturing, while leveraging Haryana's supportive policies to strengthen domestic and global competitiveness.
