Primus In News
Auto-parts companies tap electronics as new growth avenue: Report
31-03-2025
Anurag Singh, Advisor, Primus Partners, shares his insights on the rapid growth of automotive electronics. He highlights that while electronics accounted for just 5% of vehicle costs in 2020, this share is expected to exceed 25% by 2030—a fivefold increase. Regardless of the shift between internal combustion and electric vehicles, the sector presents significant growth opportunities for both domestic consumption and exports. Singh believes India is currently underutilizing its potential and expects the segment to grow at over 15% CAGR in the next five years.
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