Assessment of the Indian Alloy Wheel Market

Abstract

India is now the fourth-largest automotive market worldwide. Passenger vehicle production is rising, SUVs are gaining popularity, and alloy wheels are replacing steel wheels in many models. At the same time, the market is highly price-driven and dominated by strong local suppliers. Electrification and stricter efficiency standards are accelerating change, while OEMs demand local sourcing and competitive costs. India’s growing middle class supports long-term demand. The key question is whether this growth can lead to sustainable success under local conditions.