Auto Component Market in India Grow at a CAGR of 19.31% by Revenue During the Forecast Period 2017-2021

The Indian auto component industry offers a distinct competitive advantage in terms of cost and quality and this has helped its transformation from a local supplier (to the indigenous auto component industry) to a global supplier of auto parts that caters to big brands in the global automobile industry.
A prime example of the confidence that global OEMs have in Indian auto component manufacturers is the recent $2.5-billion (INR 15,400 crores) order bagged by India-based Motherson Sumi from Germanys Daimler. The contract involves the supply of exterior and interior systems designed to equip future Mercedes-Benz vehicles. The order is expected to commence from 2018.

Technavios analysts forecast the auto component market in India to grow at a CAGR of 19.31% during the period 2016-2020.

Covered :
The report covers the present scenario and the growth prospects of the auto component market in India for 2016-2020. To calculate the size of the market, we have considered the yearly revenue data for Indian auto suppliers.

Segments based on zones:
North
East
West
South

To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=741680

Technavio's report, Auto Component Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Bharat Forge
Bosch India
Minda Group
Samvardhana Motherson Group
TVS Group

Other prominent vendors
Amara Raja
Amtek Auto
Exide Industries
Federal Mogul
Gabriel India
JBM Auto
JMT Auto
Precision Camshafts
Sona Group
Suprajit Engineering
WABCO India

Key driver
rising exports by the Indian automotive industry
For a full, detailed list, view our report

Key challenge
Counterfeit component parts
For a full, detailed list, view our report

Key trend
ightweighting in component redesign and innovation in the manufacturing
For a full, detailed list, view our report

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