Abstract
The automotive sector in India contributes to 5% of the nation' s GDP and 17%
of the indirect taxes as a result of which the government last year charted a
10-year blueprint for the sector' s growth. This envisages the automotive
sector "output reaching a level of $145 billion accounting for more than 10%
of the GDP" by 2016.
However, India' s auto industry is maturing not only in quantitative terms.
Indigenous vehicle and component makers are investing in research and
development, engineering and design capabilities. Some of them have developed
their own vehicles such as Mahindra & Mahindra with its Scorpio and Tata
Motors with its Indica and now the Nano, the cheapest car in the world with a
tag of $2,500.
Companies are now looking beyond the domestic market by boosting their
overseas sales and buying foreign companies whether for technology, customer
base or physical assets. Some, such as Bharat Forge and Tata Motors Ltd -
when Land Rover and Jaguar will be integrated - derive about half their
total revenues from foreign markets.
The Indian supplier report is the most detailed report available on the
history, capabilities and plans of the Indian supply base, and will be of
interest to everyone in the industry interested in sourcing from or investing
in the subcontinent, or those who just need to understand the potential of the
Indian industry in their sector. The report includes in-depth company profiles
of over 110 of India' s top suppliers.
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