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(Transportation-News.com, November 14, 2016 ) The Indian auto component industry offers a distinct competitive advantage in terms of cost and quality and this has helped its transformation from a local supplier (to the indigenous auto component industry) to a global supplier of auto parts that caters to big brands in the global automobile industry.
A prime example of the confidence that global OEMs have in Indian auto component manufacturers is the recent $2.5-billion (INR 15,400 crores) order bagged by India-based Motherson Sumi from Germany's Daimler. The contract involves the supply of exterior and interior systems designed to equip future Mercedes-Benz vehicles. The order is expected to commence from 2018.
Publisher's analysts forecast the auto component market in India to grow at a CAGR of 19.31% during the period 2016-2020.
For more information about this report: http://www.reportsweb.com/auto-component-market-in-india-2016-2020 .
Covered in this report
The report covers the present scenario and the growth prospects of the auto component market in India for 2016-2020. To calculate the size of the market, we have considered the yearly revenue data for Indian auto suppliers.
The market is divided into the following segments based on zones:
- North
- East
- West
- South
Publisher's report, Auto Component Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Bharat Forge
- Bosch India
- Minda Group
- Samvardhana Motherson Group
- TVS Group
Request Sample Copy at http://www.reportsweb.com/inquiry&RW0001291716/sample .
Other prominent vendors
- Amara Raja
- Amtek Auto
- Exide Industries
- Federal Mogul
- Gabriel India
- JBM Auto
- JMT Auto
- Precision Camshafts
- Sona Group
- Suprajit Engineering
- WABCO India
Market driver
- rising exports by the Indian automotive industry
- For a full, detailed list, view our report
Market challenge
- Counterfeit component parts
- For a full, detailed list, view our report
Market trend
- ightweighting in component redesign and innovation in the manufacturing
- For a full, detailed list, view our report
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001291716/buying .
ReportsWeb.com
Priya Sisodia
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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