This smallcase exists because the auto ancillaries sector is the backbone of India’s automobile and manufacturing ecosystem, not just a by-product of vehicle sales.
While headlines focus on EVs or car volumes, every vehicle be it petrol, hybrid, or electric, depends on components, systems, and precision parts. These ancillary companies supply domestic OEMs and global manufacturers, making them deeply embedded in both Indian manufacturing and exports.
Over time, India’s auto ancillaries have moved up the value chain from basic components to higher-value systems with better quality, stronger margins, and global integration. This shift has helped many companies build healthier balance sheets and more resilient business models across cycles.
This smallcase brings together companies that benefit directly from this ecosystem, offering a structured way to participate in the long-term growth of India’s auto manufacturing story without picking individual stocks.
We believe in this theme because vehicles change, technologies evolve, but components are always needed. The real compounding in manufacturing often happens quietly, behind the scenes not in the showroom.
This smallcase is built for investors willing to hold through cycles and think long term.
