10 Best Auto Ancillary Companies in India (2023)

The Ancillary industry comprises the companies that support the main industrial activity in a given region or city. Particularly the auto ancillary companies in India, these companies deal with the manufacturing and selling of intermediate parts, equipment, and chemicals that support automotive companies in India.

Examples of such materials are as follows:

1. Engines
2. Electrical Parts
3. Tires
4. Batteries
5. Brakes

The Indian auto ancillary market is divided into the following major segments:

1. Passenger Vehicles
2. Two-wheelers
3. Three-wheelers
4. Tractors
5. Medium and Heavy Commercial Vehicles
6. Tight Commercial Vehicles

The Automotive Mission Plan 2016-26 launched by the Government of India in collaboration with the Indian Automotive Industry is an effort to ramp up the Indian Automotive ancillary market in India.

The vision is to bring the Indian automotive industry among the top three in the engineering, manufacture, and export of vehicles and auto components. The aim is to generate an additional 65 million jobs and grow in value to over 12% of India’s GDP.

List of Top Auto Ancillary Companies in India

Below is the list of the top Auto Ancillary companies in India ranked per Market Capitalization:

Rank	Company Name	Market Capital (Crores)
1	Varroc Engineering	₹4,043
2	GNA Axles	₹875.25
3	Pricol	₹818.43
4	Rane Brake	₹679.68
5	Rajratan Global	₹558.48
6	Enkei Wheels	₹ 509.77
7	Frontier Spring	₹115.04
8	Kinetic Engineering Limited	₹77.92
9	SAL Automotive Limited	₹40.40
10	Kranti Industries Limited	₹16.64

Automobile Spare Parts Manufacturers in India

There are several top auto ancillary companies in India, but below are the most rated and common companies that are having a major stake in this auto ancillary industry.

1. Varroc Engineering

• Registered Office: Maharashtra, India
• Chairman & Non-Ex. Director: Naresh Chandra
• Managing Director: Tarang Jain

Varroc Engineering Limited is among the global tier-1 auto ancillary companies in India. It is the second-largest Indian auto component group and a leading tier-1 manufacturer and supplier of diverse products across lighting, polymer, electrical & electronic, and metallic components. Having been in the industry for the past 30+ years, a vision for a cleaner, greener, lighter, and more connected world.

Owing 185 Patents globally, 42 Global manufacturing units, and 1,393 R&D engineers, ranked 124 in the 2019 Fortune India 500 list.

2. GNA Axles

• Registered Office: Punjab, India
• Chairman & Executive Director: Rachhpall Singh
• Managing Director: Gursaran Singh

GNA Axles Limited is one of the largest manufacturers of automotive transmission components globally. The Company’s manufacturing facilities are located in Punjab. Having 26+ Years of experience and a team of 1,272 Driven Employees, they manufactured 25.92 Lac Units of Rear Axle Shafts in 2019-20.

The Company exports its products to the global OEMs and top companies including Dana Limited (USA, Mexico, and Australia), John Deere (Brazil and USA), etc. The Company’s fully integrated manufacturing facilities aid to bring about the optimization of manufacturing costs and global standard quality products.

3. Pricol

• Registered Office: Tamil Nadu, India
• Chairman: Vanitha Mohan
• Managing Director: Vikram Mohan
• Founded: 1998

Pricol manufactures automotive instruments. In the domestic market, the company primarily caters to Two-wheelers, Commercial Vehicles, Tractors, and Off-road vehicles. The Company’s internal control systems have been strengthened taking into account the nature of the business and size of operations to provide for reliability and integrity of financial and operational information.

Their business is backed by a strong manufacturing base aimed at delivering products to key customers in their preferred region. Rooted in their technical expertise, assured by their culture of excellence, their products lend their client partners the competitive edge they need to succeed in their markets.

4. Rane Brake

• Registered Office: Tamil Nadu, India
• Chairman: L Ganesh
• Director: Ashok Malhotra

Rane Brake Lining Limited manufactures and markets auto components viz., brake linings, disc pads, clutch facings, clutch buttons, brake shoes, and railway brake blocks for the following:

• Passenger Cars
• Utility Vehicles
• Commercial Vehicles
• Two-wheelers
• Railways

Their key customers include Ashok Leyland, Daimler, Tata, and Renault.

5. Rajratan Global

• Registered Office: Madhya Pradesh, India
• Chairman & Managing Director: Sunil Chordia

Rajratan is a tyre bead wire and high-carbon steel wire manufacturing company in India. The company’s manufacturing operations are located in India and Thailand. They have an installed aggregate manufacturing capacity of 1,06,800 TPA across both products in their Indian and Thailand facilities.

Their key customers include Apollo Tyres, ATC Tires, Balakrishna Tyres, Birla Tyres, and Bridgestone.

6. Enkei Wheels

• Registered Office: Pune, India
• Managing Director: Kazuo Suzuki
• Non-Executive Director: Junichi Suzuki

Enkei Wheels (India) Limited is a supplier of aluminum alloy wheels in India. Their key differentiators include Technical Skills, Quality Edge, Rich Domain Expertise, an Experienced and Dedicated Team, Long-Term Relationships, Cost Advantage, and Flexible Production. Their Esteemed Clientele includes Maruti Suzuki, Honda, and Toyota.

Their key growth strategy is backed by their practice of BEP (Break-Even Point) Management and HIB (How to Improve BEP) to secure higher profits.

7. Frontier Springs

• Registered Office: Uttar Pradesh, India
• Chairman & Managing Director: Neeraj Bhatia

Frontier Springs Ltd manufactures Springs, Anti-roll bars, Forks, Wedge, Coach Nut, etc. as a part of its auto ancillary operations. The company received the prestigious award for innovation in underframe Engineering Solutions at the Rail Analysis Innovation and Excellence Summit 2020.

As a part of the CSR initiative, they donated a sum of Rs. 1,10,000 to Bharat Lok Pariksha Parishad to help eliminate illiteracy. They also donated Rs. 1,00,000 to Birsa Mundi Vanwasi Chatrawas which is a tribal hostel.

8. Kinetic Engineering Limited

• Registered Office: Maharashtra, India
• Chairman: Arun Hastimal Firodia
• Managing Director & CFO: Ajinkya A Firodia

Kinetic Engineering Limited is a part of The Kinetic Group which was founded by the Late Shri. H.K. Firodia. They provide the following service:

• Construct customized gear shafts and full gearboxes
• Manufacture of important engine components such as cylinder heads, crankshafts, axles, shafts, and all kinds of machine components
• Manufacture and assemble products like mopeds, motorcycles, ATVs, lawnmowers, etc
• Manufacture and install up to 400 cc engines
• They possess transmission manufacturing and Quality Checking facilities along with multi-facility heat treatment capability
• Their press, weld, and paint shop capacity meets the unique needs of the customer.

9. SAL Automotive Limited

• Registered Office: Punjab, India
• Chairman: J B Kapil
• Managing Director: R K Sharma
• Founded: 1981

Swaraj Automotive Limited is a manufacturer of Automotive Components, Seats, and Agricultural Implements. Their manufacturing facilities are strategically located in the vicinity of key customers which enables them to cater to their requirements with the utmost efficacy.

This company was inaugurated by the Hon’ble President of India as Punjab Scooters Limited but later expanded operations in multiple areas. Their focused and efficacious strategies are the strong catalysts that fortify their position domestically with unique customer-centric solutions.

10. Kranti Industries Limited

• Registered Office: Maharashtra, India
• Managing Director: Sachin Subhash Vora
• Whole Time Director: Indubala Subhash Vora

Kranti Industries Limited deals in the manufacture of the below products:

• Axle Parts
• Engine Parts                                                             
• Gear Box Housing                                                   
• Differential Housing

Established in 1981 by Late Shri Subhash K. Vora, the company is gearing up to navigate the evolving business landscape. With comprehensive knowledge, extensive experience, and continual innovation the company has created a diversified product portfolio.

Conclusion

This was a list of the top Auto Ancillary companies in India as per Market Capital. We tried to collate the key points for each company.

These Auto Ancillary companies in India had converted almost complete automobile manufacturers with them.