New Delhi, April 26 -- 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.

The share of passenger vehicles priced at Rs 1.5 million and above increased 20 percentage points over the last 10 years, the report observed.

The report says that the sunroof penetration rose sharply from 4 per cent in 2019 to 26 per cent in 2023.

The share of cars sold with automatic transmission increased by 13 percentage points over...