Analysis of auto component manufacturers in India.

As we all know India made a very rapid growth after its independence in the field if automobiles as well. India was at the back foot in the 1950s but the companies worked hard with full dedication to take India to present position. So in this blog, I will tell you about some unknown truths about the auto component manufacturers in India.

According to the report, up to 2021 India is expected to export nearly 26 percent of the current market. Along with this, the automobile companies’ makeup to 7 percent of the total GDP of the country and offering an employment opportunity to 19 million people across the country. In the past 10 years, India increased the supply of components to other countries by three times. The turnover in the respective sector by India is expected to be 115 billion dollars by 2021.

On talking about the steel production, India beat Japan in 2016 and became the second most steel producer in the world. While hearing such achievements by the auto component manufacturers in India you can know its importance for the growth of the country as its produce plays an important role in increasing the GDP and other such terms.

Thus, auto component manufacturers in India plays a vital role in the GDP of the country
www.avtec.in