India is one of the accelerating countries in the field of
automotive. The recent growth in the field of auto component manufacturers took India to
a new level of automation. India is going to become 4th largest manufacturing
company globally.
At present India is the primary option as a vendor company for the
globally dominating company in term of auto components. The main reason behind
it was the supply of the components at low cost as compared with other
countries. It’s because of the presence of the low-cost labor in India.
Most of the well-known companies are connected with the Indian
vendor companies for auto components. The major auto component manufacturers in India and are going to join top 100 auto companies globally are- Bharat
Forge, Motherson Sumi System, Sundram Fasteners, Bosch India and Sundaram
Clayton. The other known Auto component manufacturers in India are Exide,
Dunlop, Ceat, Bharat Seats, JBM group, AVTEC, Lucas TVS, MIL, Anand, Sona Koyo
Steering systems Limited etc.
It is expected that 26 percent of the market will be exported by
2021. It makes up to 7 percent of India’s GDP. In the last decade, India
accounts up to 3 times more export than before.
Conclusion: - Thus it is concluded that the auto component manufacturers in India play a vital role in the growth of the country along
with the auto industry. All the globally known automobile companies depend on
the Indian vendor companies to provide automobiles at pessimistic cost.
http://www.avtec.in
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