Posted on June 8, 2010.
Importance of the automotive components industry in India The Indian automotive components industry has rapidly emerged from a supplier of market only, one of the most central and auto parts supplier in Asia. In addition to being a major player in the global automotive supply chain, automotive parts companies in India also provide valuable and sophisticated automotive components for leading car manufacturers such as General Motors, Toyota, Ford, Volkswagen to name a few.
Most global automakers buy Indian automotive components to meet the growing demands of Hardy and spare parts. According to statistics released by the Association of Automotive Component Manufacturers of India (ACMA), the estimated turnover of automotive component will be approximately $ 19.2 billion for the year 2009 - 10. Considering that exports of automotive component companies in India will be about 3.2 billion dollars. The maximum percentage of Indian automotive component is dominated by engine parts that accounts for nearly 31%, 19% for transportation by car and steering parts and 12% by each of the suspension parts and brake and body frame respectively. The best auto parts supplier in India covers three main groups, the suppliers of commercial vehicles and parts Delhi NCR, Pune and Chennai.
Initiatives of the UNIDO SPX-also helped the Indian auto parts manufacturers to achieve the global auto majors in organizing important events and useful information such as the Auto Expo 2010 held 5-11 January 2010 in New Delhi. India-UNIDO SPX technical information and match making center for industrial subcontracting and management of the supply chain that helps small and medium businesses to reach an international audience and make a breakthrough on the market International. Several auto parts companies in India, especially in small and medium sectors have been greatly benefited from the Auto Expo show, which has strengthened his chances of making tie-ups with leading international and Indian players in the automotive industry. The various delegations from around the world participating in this Expo Auto also got a chance to win a contract with the supplier of commercial vehicles and Delhi NCR, Pune and Chennai for the purchase of automotive components in India.
According to the Investment Commission of India, India is one of the most competitive manufacturers and more auto parts supplier in the world. More and more international, including manufacturers of automotive components such great names as Delphi, Visteon, Bosch and Meritor are interested in buying Indian automotive components and set up operations in India. Apart from this India has also become the leading hub for research and development of automotive components with companies such as Bosch, Suzuki, Johnson Controls, etc set up research and development centers in this country.
ACMA is the lead agency of the Indian automotive components industry, which helps auto parts manufacturers to participate in international trade and technology fairs, sending delegates abroad, bringing to publications on various challenges of the automotive industry, etc. ACMA also helps companies of auto parts from India to maintain their level and quality of products and to keep pace in accordance with international standards.
India is the second largest producer of motorcycles in the world after China. The wide range of vehicles manufactured in India includes;
aec The light passenger vehicles, including cars, MUV, SUV, commercial vehicles, including light trucks, medium and heavy commercial vehicles and buses,
aec Tractors which include landscaping, construction and equipment,
aec Two wheels, including motorcycles, scooter.