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Premiumisation in Indian auto sector to fuel sustained growth for component suppliers: Report

New Delhi [India], April 26 (ANI): As more consumers in India opt for higher-end vehicles and premium features (like sunroofs, ADAS, etc.), the demand for advanced and higher-value auto components will see a sustained growth, said a report by Ambit Capital.

India has seen a premiumisation trend in two-wheelers as the 125 CC and above segment has witnessed an increase of 19 percentage points over the last 10 years