| Product Code: ETC7537504 | Publication Date: Sep 2024 | Updated Date: Apr 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s automotive electronic power steering import shipments in 2024 saw significant contributions from top exporting countries including China, Japan, Germany, Thailand, and South Korea. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level, indicating a competitive landscape. With a notable Compound Annual Growth Rate (CAGR) of 12.14% from 2020 to 2024, the industry is showcasing robust expansion. Despite a slight dip in the growth rate from 2023 to 2024 at 3.33%, the overall trend points towards a positive trajectory for the automotive electronic power steering market in India.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Electronic Power Steering Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Electronic Power Steering Market Revenues & Volume, 2022 & 2032F |
3.3 India Automotive Electronic Power Steering Market - Industry Life Cycle |
3.4 India Automotive Electronic Power Steering Market - Porter's Five Forces |
3.5 India Automotive Electronic Power Steering Market Revenues & Volume Share, By Product, 2022 & 2032F |
3.6 India Automotive Electronic Power Steering Market Revenues & Volume Share, By Vehicle, 2022 & 2032F |
4 India Automotive Electronic Power Steering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles in India |
4.2.2 Growing focus on vehicle safety features and advanced driving technologies |
4.2.3 Rising disposable income leading to higher adoption of premium vehicles in the market |
4.3 Market Restraints |
4.3.1 High initial costs associated with electronic power steering systems |
4.3.2 Limited awareness and understanding of the benefits of electronic power steering among consumers |
4.3.3 Challenges related to infrastructure and skilled labor for the installation and maintenance of electronic power steering systems |
5 India Automotive Electronic Power Steering Market Trends |
6 India Automotive Electronic Power Steering Market, By Types |
6.1 India Automotive Electronic Power Steering Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Electronic Power Steering Market Revenues & Volume, By Product, 2022 - 2032F |
6.1.3 India Automotive Electronic Power Steering Market Revenues & Volume, By H-EPS, 2022 - 2032F |
6.1.4 India Automotive Electronic Power Steering Market Revenues & Volume, By C-EPS, 2022 - 2032F |
6.1.5 India Automotive Electronic Power Steering Market Revenues & Volume, By P-EPS, 2022 - 2032F |
6.1.6 India Automotive Electronic Power Steering Market Revenues & Volume, By R-EPS, 2022 - 2032F |
6.2 India Automotive Electronic Power Steering Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Electronic Power Steering Market Revenues & Volume, By Compact Passenger Cars, 2022 - 2032F |
6.2.3 India Automotive Electronic Power Steering Market Revenues & Volume, By Mid-sized Passenger Cars, 2022 - 2032F |
6.2.4 India Automotive Electronic Power Steering Market Revenues & Volume, By Premium Passenger Cars, 2022 - 2032F |
6.2.5 India Automotive Electronic Power Steering Market Revenues & Volume, By Luxury Passenger Cars, 2022 - 2032F |
6.2.6 India Automotive Electronic Power Steering Market Revenues & Volume, By Light Commercial Vehicles, 2022 - 2032F |
6.2.7 India Automotive Electronic Power Steering Market Revenues & Volume, By Heavy Commercial Vehicles, 2022 - 2032F |
7 India Automotive Electronic Power Steering Market Import-Export Trade Statistics |
7.1 India Automotive Electronic Power Steering Market Export to Major Countries |
7.2 India Automotive Electronic Power Steering Market Imports from Major Countries |
8 India Automotive Electronic Power Steering Market Key Performance Indicators |
8.1 Adoption rate of electronic power steering systems in new vehicle models |
8.2 Average price trend of electronic power steering systems in the market |
8.3 Number of automotive manufacturers offering electronic power steering as a standard feature in their vehicles |
9 India Automotive Electronic Power Steering Market - Opportunity Assessment |
9.1 India Automotive Electronic Power Steering Market Opportunity Assessment, By Product, 2022 & 2032F |
9.2 India Automotive Electronic Power Steering Market Opportunity Assessment, By Vehicle, 2022 & 2032F |
10 India Automotive Electronic Power Steering Market - Competitive Landscape |
10.1 India Automotive Electronic Power Steering Market Revenue Share, By Companies, 2025 |
10.2 India Automotive Electronic Power Steering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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