7 Best Auto Components and Parts Stocks to Buy Right Now

3. Aptiv PLC (NYSE:APTV)

Number of Hedge Fund Holders: 38

One of the best auto components and parts stocks, Aptiv PLC (NYSE:APTV) is a technology and mobility solution that focuses on the automotive sector. The company provides end-to-end services to facilitate the shift towards electrified, software-driven vehicles. Aptiv designs and manufactures critical vehicle components, specializing in electrical, electronic, and safety technologies.

Its business is divided into two main segments: Signal and Power Solutions, which focuses on vehicle electrical architecture, and Advanced Safety and User Experience, which develops technologies for vehicle safety and user experience, including autonomous driving solutions. Aptiv operates globally with nearly 140 manufacturing facilities and 11 technical centers, serving the top 25 automotive OEMs in 50 countries. It is positioned to benefit from the industry’s shift towards safer, greener, and more connected vehicles, driven by consumer demand and regulatory trends.

Aptiv (NYSE:APTV) is investing in innovative technologies like electrification, autonomous driving, and vehicle connectivity to maintain its competitive edge in these areas.

In August, the company announced the expansion of its manufacturing facility in Orgadam, Chennai, with a focus on producing software-defined cockpit solutions. The company is investing over $45 million in engineering and infrastructure, doubling the plant’s workforce to support the production of advanced cockpit controllers, radars, cameras, and electronic control units for both Indian and global markets.

Its plant will play a key role in supporting India’s automotive industry, providing solutions to reduce complexity, improve performance, and lower costs. The expansion is part of Aptiv’s  (NYSE:APTV) nearly 30-year commitment to growing its presence in India, which includes offering a range of connected vehicle technologies.