In this episode of the EY India Insights podcast, Som Kapoor, Leader – Automotive, Future of Mobility and Partner, Consulting, EY India, discusses how India’s automotive and auto component sectors can accelerate growth by diversifying beyond traditional business models. Drawing from EY’s report, Strategic diversification: Unlocking new revenue pools for auto component manufacturers in India, Som outlines the emerging opportunities across electrification, services, software and digital, and explains how leadership teams can chart a diversification roadmap that balances growth potential with associated risks.

Key takeaways

• Diversified automotive players can benefit from stronger margins, lower volatility and improved resilience during industry shifts.
• Growth often stems from capability expansion and multi‑powertrain approaches, while geographic and customer diversification help stabilize performance.
• Effective capital allocation and closely coordinated functions are critical to scale without creating organizational silos.
• Partnerships, acquisitions and thoughtful talent redeployment can accelerate diversification and support cultural cohesion.
• Multi‑domain capabilities position Indian suppliers to deliver integrated solutions increasingly sought by leading global OEMs.

Listen to the episode now to discover how diversification is reshaping India’s automotive ecosystem.