New Delhi, March 21 -- India's auto parts manufacturers are bracing for an uncertain future, as large automakers boost production of electric vehicles (EVs) at the expense of petrol and diesel models, in a shift that is transforming the requirements for components and increasing the role of technology.

Analysts believe that big auto ancillary companies will be able to gain market share and consolidate their position, as small players lack financial muscle to invest and diversify into high-value EV components.

"The number of suppliers in the auto space is set to shrink in the next decade due to the transition to electric vehicles. Big or small, every player in the segment is faced with the task of chalking out a plan of what they will do...