autocomponent industryinindia: anoverview · solutions.theindustryisfast...

Sunday, May 7, 2017 khaleej times

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Auto componentindustry in indiA:An oVerVieW

India has emerged as one ofthe leading global automotivemanufacturing hubs in recentyears. With a turnover of overUSD 39 billion, and exports

worth USD 11 billion to over160 countries, the Indian autocomponent industry today isa preferred sourcing base forglobally competitive products.The auto-components industryaccounts for almost four percent of India’s Gross DomesticProduct (GDP) and employs1.5 million people, directly andas many indirectly. Increasedinvestments in engineering, R&Dand new product development,are expected to further boostIndia’s position as a leadingglobal supplier.

The Indian auto componentindustry boasts of 16 Demingand two Grand DemingAwardees, the highest outsideof Japan. Further, enhancedsourcing from India by originalequipment manufacturers(OEMs) and tier-1s for globalmarkets and increasedlocalisation by OEMs invested inIndia, is also turning the countryinto a preferred engineeringand product designing hub,especially for emerging markets.Factors such as a stablegovernment policy framework,

increased purchasing power,large domestic market, presenceof adequate skilled and semi-skilled manpower and fastimproving infrastructure onlyadd to India’s attractiveness as aglobal hub for manufacturing.

The auto and auto componentsector is a key focus area ofthe Government of India’sflagship ‘Make in India’ program.The Automotive Mission Plan2026, envisages that the autocomponent industry in Indiawill scale-up to USD 200 billionby 2026, while the exports willgrow to USD 70-80 billion. Theaftermarket, in the same breadth,

is expected to grow several foldsfrom the current USD 8 billion toUSD 32 billion by 2026.

A strong and flourishing, butdemanding domestic automarket is helping the Indiancomponent industry strengthenits position in the globalautomotive industry by creatingcost effective products andsolutions. The industry is fastgraduating from being a ‘build-to-print industry’ to one that is‘art-to-part’.

The Indian auto componentsindustry will showcase itsstrengths and capabilities at the

Automechanika Dubai 2017.Being held from May 7-9, 2017in the Dubai World Trade Centre,around 100 Indian companiesare participating in the Indianpavilion jointly organised by theEEPC India and the AutomotiveComponents ManufacturersAssociation of India (ACMA) inHall 1. The India Brand EquityFoundation (IBEF), a trustestablished by the Departmentof Commerce, has designedand executed the brandingplan for India’s participation atAutomechanika Dubai. Do visitthe Indian pavilion to be a partof the India’s vibrant automotiveIndustry!

INDIAManufacturer of high-value

precision coMponentsexports auto coMponents to

over 160 countries

visit the inDia pavilion in hall 1May 07-09, 2017

DuBai WorlD traDe centre

IndIaIstodayknownforbeIngarelIableproducerofhIgh-valueprecIsIoncomponents for almost all global auto majors.

• Automobile and autocomponent industryare a key focus sectorin the flagship ‘Make inIndia’ program of theGovernment of India.

• India offers a stablegovernment framework,increased purchasingpower and a largedomestic market.

• Indian auto industry is setto become world’s thirdlargest by 2026.

• Indian auto componentindustry - Winner of 16Deming and two GrandDeming Awards, thehighest outside of Japan.

• India offers a large poolof skilled and semi-skilledworkforce.

• Turnover of USD 40 billion,and exports worth USD 11billion.

• Vision 2026 – ComponentIndustry Turnover USD200 billion, exports tocross USD 70 billion.

Automotive Component Manufacturers Association of India

khaleej times Sunday, May 7, 2017

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