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.