India Electric Power Steering Market to Grow with a CAGR of 7.41% through 2031
Rising demand for fuel-efficient vehicles, increasing
adoption of advanced driver assistance systems, and growing preference for
smoother steering control are the factors driving the market in the forecast
period 2027–2031.
According to TechSci Research report, “India
Electric Power Steering Market – By Region, Competition, Opportunities and
Forecast, 2021-2031F”, The India Electric Power Steering Market
was valued at USD 2.19 Billion in 2025 and is expected to reach USD 3.37
Billion by 2031 with a CAGR of 7.41% during the forecast period.
The India Electric Power Steering (EPS) market is
progressing steadily, supported by the evolving landscape of automotive
manufacturing and the transformation of in-vehicle control systems. The push
toward smart mobility solutions is encouraging automakers to invest in
steer-by-wire technologies and software-defined components, where EPS plays a
crucial role. The market is benefitting from a noticeable increase in demand
for vehicles that offer improved maneuverability, enhanced driver
responsiveness, and smoother steering across variable driving conditions. EPS
systems are becoming central to meeting consumer expectations for quieter
cabins and more refined driving experiences, especially in congested city
environments.
Rising government focus on automotive safety regulations,
including the potential inclusion of advanced steering assistance as part of
mandatory features, is another catalyst influencing EPS adoption. Road safety
programs and policy shifts toward mandatory electronic stability control (ESC)
and crash-avoidance technologies are driving the installation of
precision-controlled steering systems, where EPS is critical. In parallel, the
integration of EPS with autonomous driving modules is gaining traction, as manufacturers
design platforms that are compatible with Level 1 and Level 2 automation.
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India Electric Power Steering Market Is Segmented by
Type, Component, Vehicle Type, and Region.
Column-assist Electric Power Steering (C-EPS) is expected to fastest growing segment in the
India Electric Power Steering market by type. C-EPS is widely used in small and
mid-sized passenger vehicles due to its compact design, cost-effectiveness, and
ease of integration into existing vehicle platforms. The lightweight
architecture of C-EPS supports fuel efficiency goals, while its responsiveness
and low power consumption make it an ideal solution for city driving
conditions. Automakers are increasingly deploying C-EPS across their
high-volume production lines as it supports both manual and semi-automated
driving features without significantly raising system complexity. The system’s
compatibility with ADAS and customizable torque control further strengthens its
market share. With consumer expectations rising for smoother and effortless
steering, C-EPS is becoming a preferred fitment in newly launched vehicles,
especially in the fast-growing urban vehicle segment. Its scalability and lower
production cost contribute to widespread adoption, reinforcing its dominance in
2025.
Among regions, the southern region is projected to witness
the fastest growth in the India EPS market in 2025. This growth is fueled by
the strong presence of automotive manufacturing clusters, expanding R&D
capabilities, and growing consumer demand for technologically advanced
vehicles. The region’s robust supply chain and access to skilled engineering
talent are driving innovation and localization of EPS components. Rapid
urbanization and the increasing sale of electric and compact vehicles, which
heavily rely on EPS systems, are further stimulating market expansion in this
region. Rising investments in EV production facilities and smart mobility
projects are expected to sustain the momentum of EPS growth across the southern
automotive ecosystem.
Major Market Players Operating in India Electric Power
Steering Market Are:
- JTEKT
Corporation
- Denso
Corporation
- GKN
Automotive Limited
- Hitachi
Astemo, Ltd.
- Hyundai
Mobis
- Mitsubishi
Electric Corporation
- Nexteer
Automotive
- NSK
Ltd.
- Robert
Bosch GmbH
- ZF
Friedrichshafen AG
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As the Indian automotive industry pivots toward smarter,
more efficient mobility solutions, Electric Power Steering systems are quickly
becoming a foundational technology. What we’re seeing isn’t just a shift from
hydraulic to electric it’s a complete redefinition of how vehicles are
engineered for control, comfort, and integration with next-gen features.
Consumers today expect more from their vehicles, whether it’s effortless
handling in traffic, better mileage, or compatibility with driver-assist technologies.
EPS answers all of those demands. With rising adoption of EVs, increasing
safety mandates, and greater focus on software-defined vehicle platforms, EPS
is no longer optional it’s essential. The momentum will only accelerate as
localization, affordability, and digital integration reshape the market.”, said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
global management consulting firm.
“India Electric Power Steering Market By Type (C-EPS, P-EPS, R-EPS), By Component (Steering Column, Steering Wheel, Sensors, Electronic Control Unit, Electric Motor, Bearings), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Region, Competition, Opportunities and Forecast, 2021-2031F”,
assesses the market's future growth potential and provides data on market size,
trends, and forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the India
Electric Power Steering Market.
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