2025: The year auto ancillaries accelerated from stability to breakout growth
Indian auto ancillaries turned multibaggers in 2025 as premiumisation, rising content per vehicle, EV localisation, M&A and policy tailwinds drove outsized growth versus OEMs.
Auto ancillary is perhaps the most standout sector in the Indian markets with several ancillaries like Lumax Auto Technologies, Lumax Industries, SJS Enterprises, FIEM Industries, etc. turning multibaggers in 2025. The strong business and share price performance in 2025 is the culmination of several tailwinds coming into play simultaneously.
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