India Automotive Camshaft Market Assessment, By Vehicle Type, By Manufacturing Technology, By Sales Channel, By Region, Opportunities and Forecast, FY2019-FY2033F

India automotive camshaft market is projected to witness a CAGR of 5% during the forecast period FY2026-FY2033, growing from USD 229.45 million in FY2025 to USD 339 million in FY2033, attributed to higher vehicle production and the rising demand for improved engine performance. Automotive companies increasingly emphasize durability, efficiency, and low emissions, boosting camshaft innovation. The market sees a balance between traditional internal combustion engines and the emerging shift towards hybrid technologies. With local manufacturing expanding and government support for the automotive sector, India remains a growing hub for camshaft production and export. Strong aftermarket demand also contributes significantly to the sector's resilience.

For instance, in September 2023, Precision Camshafts Limited launched its first retrofitted e-LCV. This electric light commercial vehicle (e-LCV) was conceived and engineered in the Netherlands and manufactured in India. Its introduction represents a pivotal achievement in the company's efforts to offer localized, electric buses, trucks, and light commercial vehicles to customers in India. Furthermore, the company has commenced the delivery of repowered e-LCVs for diverse uses, including last-mile delivery and waste collection.

Technological Advancements and Rising Vehicle Production Fuel the Market Growth

Continuous innovation in engine technology strongly propels the India automotive camshaft market. The shift towards fuel efficiency, reduced emissions, and higher power output demands highly engineered camshaft designs. Technologies like variable valve timing (VVT) systems and lightweight materials are becoming standard. Manufacturers are investing in R&D to create camshafts that meet BS-VI norms and upcoming global emission standards. This trend towards advanced, high-precision camshafts ensures the market remains competitive and aligns international automotive engineering practices. This includes the additional technology that enhances the camshafts and engine performance.

For instance, in March 2022, Allegro MicroSystems Inc. introduced two new giant magnetoresistance (GMR) sensors for camshafts and crankshafts. These sensors offer manufacturers a comprehensive solution from a single vendor, tailored for hybrid vehicle engines. Their applications also include off-road vehicles, motorcycles, and designs requiring optimal air gap performance. It is anticipated that these sensors will assist engine designers in reducing costs, minimizing energy consumption, and simplifying system complexity.

In addition, India's growing automotive manufacturing base significantly drives the camshaft market. Rising domestic demand, export potential, and government initiatives like "Make in India" encourage large-scale vehicle production. As OEMs (Original Equipment Manufacturers) scale operations, the need for reliable and efficient camshafts increases.

Emission Regulation and Growing Aftermarket to Shape the Market

Stricter emission norms like BS-VI have transformed the camshaft landscape in India. Automakers must upgrade engine performance while reducing environmental impact, making precision camshaft engineering critical. Camshafts that enable cleaner combustion and optimal air-fuel management are in high demand. Compliance requirements force manufacturers to adopt innovative materials and designs that enhance engine efficiency. This regulatory push fosters consistent R&D investment and collaboration across the automotive value chain, ensuring that camshaft technologies evolve in line with environmental sustainability goals.

The booming automotive aftermarket significantly supports the automotive camshaft market in India. An aging vehicle fleet, combined with growing awareness around vehicle maintenance, drives demand for replacement camshafts, which further propels aftermarket demand in India. The preference for cost-effective repairs over vehicle replacement sustains this trend. Additionally, the rise of organized service centers and e-commerce platforms for auto parts enhances accessibility and convenience, propelling the India aftermarket demand for camshafts.

For instance, in February 2023, Endurance Technologies Ltd. adopted a two-pronged strategy for expanding its footprint and business margins in domestic and overseas markets. The objective is to achieve growth that outpaces both the industry and competitors, intending to exceed USD 100 million in sales in the future. The diversified company operates 29 manufacturing facilities in India and Europe and exports its products to more than 31 countries, including recent additions such as Rwanda, Burundi, Brazil, and Vietnam.

Passenger Car Segment Holds the Largest Market Share

The passenger car segment dominates the Indian camshaft market due to an increase in production volume and evolving consumer preferences. With the middle-class population expanding and disposable incomes rising, demand for personal vehicles continues to surge. Passenger cars require precision-engineered camshafts to ensure efficient performance, fuel economy, and compliance with stricter emissions regulations. The adoption of technologies like turbocharging and downsized engines further increases camshaft complexity and demand.

Compact cars, sedans, and SUVs contribute significantly, each requires tailored camshaft designs to optimize performance. OEMs actively collaborate with camshaft manufacturers to enhance engine reliability, durability, and refinement, which are critical selling points for consumers. Additionally, the rising trend of hybrid and electric passenger vehicles encourages innovation in camshaft designs for transitional powertrain systems, reinforcing the segment's leading position in the market.

Impact of U.S. Tariffs

US-imposed tariffs on automotive components create a complex impact on India's camshaft market. On one hand, higher costs for US-made camshaft parts open opportunities for Indian manufacturers to capture new global markets by offering competitively priced alternatives. On the other hand, supply chain disruptions and increased raw material costs, stemming from global trade tensions, challenge production economics. Indian firms may face pricing pressures domestically but could benefit internationally as automakers seek alternative suppliers outside the U.S. to mitigate tariff burdens.

Key Players Landscape and Outlook

Leading companies in India's automotive camshaft market focus heavily on diversification, innovation, and strategic partnerships. They invest in R&D to develop lightweight, durable camshafts compatible with both traditional and hybrid engines. Companies also enhance production capabilities through automation and precision manufacturing techniques to meet high-volume demands. Expanding global presence by exporting to new markets where emission norms are tightening is a key growth strategy. Strategic collaborations with automakers for co-developing customized camshaft solutions ensure long-term contracts and brand loyalty. Furthermore, players emphasize sustainability by integrating eco-friendly materials and processes. By balancing cost competitiveness with high-performance product offerings, these companies strengthen their market positioning and ensure resilience against fluctuating domestic and global automotive trends.

For instance, in June 2023, Schaeffler India Limited inaugurated manufacturing hall 2 at its manufacturing facility at Savli, Vadodara Gujarat. The new hall added to the manufacturing capacity for small and medium-sized products, which further enhanced Schaeffler's market competitiveness in this region. The expansion of Savli plant's production capacity is a vital step towards driving a localization strategy.