The Indian automotive wiring harness and E&E component industry is undergoing a structural transformation driven by the accelerating transition to electric vehicles (EVs) and premiumization. EV penetration in the 2W segment is projected to rise from 6.6% in FY26 to 25-30% by FY31, while 3W electrification is projected to jump from 31.6% to 53-58%. Electrification significantly expands the addressable market, as BEVs and plug-in hybrids increase the wiring harness kit value per vehicle by 2 to 3 times compared to conventional ICE models. Concurrently, premiumization and safety upgrades (such as ABS and advanced sensors) are driving higher wiring and controller complexity, favoring scaled Tier-1 suppliers. [1]
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