Importance Of Automotive Components Industry In India
The Indian automotive components industry has fast emerged from a supplier of the domestic market only, to one of the central and best auto parts supplier of Asia. Apart from being a significant player in the global automotive supply chain, auto component companies India also supply high-value and sophisticated auto components to renowned auto makers such as General Motors, Toyota, Ford, Volkswagen to name a few.
Most global auto makers purchase Indian auto components to meet the growing demands for hardy and genuine spare parts. According to statistics revealed by the Automotive Component Manufacturers Association of India (ACMA), the estimated turnover of the auto component industry will be around US $19.2 billion, in the year 2009-10. Whereas exports from the auto component companies India will be around US $3.2 billion. The maximum percentage of Indian automotive components is dominated by engine parts that accounts to almost 31%, 19% by drive transmission and steering parts and 12% each by suspension and braking parts and body and chassis respectively. The best auto parts supplier from India covers three main clusters mainly, commercial vehicle suppliers Delhi and NCR regions, Pune and Chennai.
Initiatives of the UNIDOSPX further helped the Indian Auto component manufacturers to reach out to the global auto majors by organizing noteworthy and useful events such as the Auto Expo 2010 held from 5-11 January 2010 in New Delhi. The UNIDO-SPX India is a technical information and match making centre for industrial subcontracting and supply chain management that helps small and medium sized companies to reach out to the global audience and make a foothold in the international market. Various auto component companies India, especially from the small and medium sectors were immensely benefited from this Auto Expo fair that strengthened their chance of creating tie-ups with big international as well Indian players in the automobile industry. The various delegations from all around the world who were participating in this Auto Expo also got a chance to get into contract with commercial vehicle supplier Delhi & NCR, Pune and Chennai to purchase Indian auto components.
According to the Investment Commission of India, India is among the most competitive manufacturers and best auto parts supplier in the world. More and more international auto component makers including big names like Delphi, Visteon, Bosch and Meritor are interested to purchase Indian auto components and have set up operations in India. Apart from this India is also becoming the main hub for research and development of automotive components with companies like Bosch, Suzuki, Johnson Control etc setting up research and development centers in this country.
ACMA is the main agency for the Indian automotive components industry that helps the auto parts manufacturers to participate in international trade and technology fairs, send delegates abroad, bringing out publications on various automotive industry issues etc. ACMA also helps the auto component companies India to maintain their standard and quality of products and keep themselves upgraded according to international standards.
India is the second largest producer of motorcycles in the world after China. The vast range of vehicles made in India includes;
Light passenger vehicles including passenger cars, MUVs, SUVs, Commercial vehicles including light commercial vehicles, medium and heavy commercial vehicles and buses,
Tractors that include earth moving, and construction equipments,
Two wheelers including motorcycles, scooters, mopeds and
Three wheelers including passenger carriers and goods carriers.