Autocomponent Industry
Higher standards............making a difference for you
The Indian Auto Components Industry Indian auto component industry is emerging as a global manufacturing hub for auto component manufacture. Indian auto component industry is one of the front runners for grabbing the global auto component outsourcing market, estimated to be worth US$700 billion by 2015. Auto components sector requires an incremental investment of Rs 2,000-crores as per the report of working group on automobile industry Eleventh Five Year Plan (2007-2012). Today, India has the potential to manufacture a range of automotive components (about 20,000 in numbers) - from fasteners to engine parts Apart from the foreign demand, the domestic car production is also growing with sales expected to be about 10 million by 2009. The exports are expected to touch US$5 billion by 2010. The Indian auto component Industry is highly fragmented: • • • Around 500 organized players account for the 77% of the value added in the sector. Unorganized players are mainly replacement market players or tier 3/4 component manufacturers Automotive Manufacturers Association of India (ACMA) represents the auto component industry in India and has around 500 registered members.
Segment-wise division: The Auto components industry is predominantly divided into the following segments: • • • • • • • Engine parts: 31% Drive Transmission & Steering Parts: 19% Suspension & Brake Parts: 12% Electrical Parts: 9% Body and chassis: 12% Equipments: 10% Others: 7%
D-19 (GF) & D- 31, South Extension -1, New Delhi-110049, India email: g.khurana@indialawoffices.com, website: www.indialawoffices.com
Higher standards............making a difference for you
Opportunities: • • India is emerging as a global manufacturing hub for auto component manufacture. India is among the most competitive manufacturers of auto components in the world. Auto component industry in India has potential to grow at a CAGR of 13% to reach US$40 billion by
The Indian Auto Components Industry Indian auto component industry is emerging as a global manufacturing hub for auto component manufacture. Indian auto component industry is one of the front runners for grabbing the global auto component outsourcing market, estimated to be worth US$700 billion by 2015. Auto components sector requires an incremental investment of Rs 2,000-crores as per the report of working group on automobile industry Eleventh Five Year Plan (2007-2012). Today, India has the potential to manufacture a range of automotive components (about 20,000 in numbers) - from fasteners to engine parts Apart from the foreign demand, the domestic car production is also growing with sales expected to be about 10 million by 2009. The exports are expected to touch US$5 billion by 2010. The Indian auto component Industry is highly fragmented: • • • Around 500 organized players account for the 77% of the value added in the sector. Unorganized players are mainly replacement market players or tier 3/4 component manufacturers Automotive Manufacturers Association of India (ACMA) represents the auto component industry in India and has around 500 registered members.
Segment-wise division: The Auto components industry is predominantly divided into the following segments: • • • • • • • Engine parts: 31% Drive Transmission & Steering Parts: 19% Suspension & Brake Parts: 12% Electrical Parts: 9% Body and chassis: 12% Equipments: 10% Others: 7%
D-19 (GF) & D- 31, South Extension -1, New Delhi-110049, India email: g.khurana@indialawoffices.com, website: www.indialawoffices.com
Higher standards............making a difference for you
Opportunities: • • India is emerging as a global manufacturing hub for auto component manufacture. India is among the most competitive manufacturers of auto components in the world. Auto component industry in India has potential to grow at a CAGR of 13% to reach US$40 billion by