There are various auto component manufacturers in India
which achieved a large growth in the previous few decades. India is situated
very near to the major automotive markets like Europe. So most of the
dominating companies are trying double sore work by manufacturing few
components themselves and other by the use of Indian facilities. The major transformation
going to happen in this field are as follows:
Globally known adient is aiming to start India's biggest
plant for testing and prototyping facility of automobiles in June in the
current year.
Spark Malinda known for its auto components had started a
technical center which will work on new innovations and take the company toward
electrified solutions.
Fras-le from Brazil and ASK automotive came together to set
up a plant for the production of linings and brake pads in Haryana for
commercial vehicles. The investment for the work is nearly 15.6 million
dollars.
Canadian auto component manufacturer- Magna international is
also planning to add three new plants in India by 2019.
The German industrial and automotive parts maker with Indian
arms named Schaeffer India is trying to invest 300 crore rupees in the session
2018-19.
Thus, we can say that India is going to achieve new peaks in
the upcoming years in this sector.
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