Abstract
Background
The Indian automotive components market has experienced 5 years of rapid
growth, driven by strong growth in consumer demand for vehicles, exports and
an increasingly supportive regulatory environment.
The industry is still relatively fragmented with hundreds of small component
manufacturers - but the largest players now have the scale and capability to
compete in international markets and meet the growing domestic demand.
Through collaborating with technically sophisticated overseas manufacturers,
they have developed the design and manufacturing expertise to become OEM and
Tier 1 suppliers.
Foreign investment rules allow overseas players to establish 100% owned
subsidiaries; this has helped to integrate the India into the world market and
also forced domestic players to enhance the quality of their products.
The industry does face a number of challenges including poor power and
transport infrastructure, counterfeit components, currency risk and increasing
competition from other emerging countries (particularly China, Vietnam and
Malaysia).
Domestic demand is the primary ‘long term' growth driver for the
automotive components industry - both due to India' s current, modest level of
car ownership and also the commercial vehicles market. As middle class
Indians purchase more sophisticated cars, they are also less likely to buy
replacement components from the ‘unorganised sector' . Lower income
groups are now able to afford 2 wheelers and cars such as the Rs 1 lac
(US$2,000) Tata Nano car.
The report
This new research study provides a comprehensive analysis of the Indian
Automotive Components Industry. It covers: market size and structure;
historical development; regulatory environment; detailed quantitative analysis
of demand drivers; major players; foreign investment and key OEM/Tier 1
collaborations and partnerships; and growth prospects.
Companies profiled
The report contains profiles of the following automotive component
manufacturers: Amtek Auto, Asahi India, Automotive Axles, Balkrishna
Industries, Bharat Forge, Bharat Gears, Bosch India, Bosch Chassis Systems,
Clutch Auto, Denso India, Exide Industries, Fag Bearings, Gabriel India, Jamna
Auto, Jay Bharat Maruti, Lumax Industries, Minda Industries, Motherson Sumi,
Munjal Showa, Omax Auto, Pricol, Rane Brakes, Rico Auto, Setco Automotive,
Sona Koyo Steering Systems, Subros, Sundaram Clayton, Sundram Fasteners and
Ucal Fuel Systems. Each profile covers the company' s key activities,
financials and joint ventures and partnerships.
Target audience
The report is targeted at automotive and component manufacturers who are keen
to build a detailed understanding of the industry in India and the
opportunities it presents. In addition to this, it will be extremely useful
for financial investors pursuing investment opportunities in India,
consultants and other industry analysts.
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