According to our research report “India Auto Component Market Analysis”, India, being one of the world’s fastest growing automobile industries, provides a solid growth platform for auto component industry. Over the past few years, auto component industry has gained a significant growth momentum. In recent times, a spate of successful model launches and higher export demand for passenger vehicle segment are benefitting the auto component suppliers. Therefore, due to the increasing demand for compact cars as well as commercial vehicle segment, the auto component market is expected to grow at CAGR of around 14% between 2010-11 and 2013-14.
We have also found that currently northern region accounts for around 41% of entire auto component players present in the organized sector. The National Capital Region (NCR) is the focal point of auto component industry development due to its strategic location and favorable policies in the region. Western region is also catching up fast and expected to capture a significant share in coming years. Our research shows that there is a vast opportunity to tap global auto component market, while leveraging India’s competency in cost-effective components production.
Our study reveals that among automobile industry deals, the auto component segment registered the highest number of deals in 2007 and 2008. Indian auto component manufacturers have expanded their operations worldwide, primarily through acquisitions. Overseas acquisitions have aided Indian auto component companies to enhance their skills and get access to new technology and customers. As a result, industry’s exports and turnover have grown rapidly.
