Indian Automotive Supplier Analysis is our latest detail report. OEMs are reducing the number of vehicle platform and optimize the supply chain of Auto Components. Only few Indian Auto Components are the presence in the Global map. For long term strategy, Indian Components Industry need to reach multiple countries in a short time. There is tremendous growth potential in Indian Automotive Industry for Auto Suppliers. All major OEMs are in India. India is among top Automotive market and also shifting towards to become an export hub for regions like Africa, South Asia, and the Middle East.Indian Auto Components Industry size is more than USD 100 Billion.
Component Industry maintained around 6 percent CAGR from FY 11 to FY 16. USA, Germany, Turkey, UK, and Italy are top export countries. China, Germany, South Korea, and Thailand are top import countries.
The strong growth was driven by robust domestic demand for vehicles (Passenger vehicles, Truck, Bus, Two Wheeler and Three Wheeler) – which recorded a narly 7% increase to 21.8 million units. Implementation of GST is the game changer for both OEMs and Auto Suppliers. Driveline contributes around 50 percent in Auto Industry. Passenger Vehicle, Two Wheeler, HCV, and Tractor segment are the top contributor in Supplier Business.
Some of the Challenges for Suppliers Industry are Counterfeit Parts, Skilled Manpower, Technology up gradation and Investment in R&D is also opportunities to increase growth in terms of Volume and Profit.
Table of Content:
Auto Suppliers Company Analysis: Indian Suppliers Analysis | European Suppliers Analysis | Japanese Suppliers Analysis | Chinese Suppliers Analysis | Other Suppliers
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