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Indian Auto Component Industry
Credit Analysis & Research Limited, Nov 2010, Pages: 92
The Indian auto component industry is an ancillary to the automobile industry. The Indian auto component industry is highly fragmented and predominantly dominated by the unorganized segment. Major international auto component manufacturers like Lear Corporation, Delphi, ZF Steering, Bosch, Motherson Sumi, Denso etc have established their strong presence in India. The entry of global manufacturers enabled introduction of new technologies, new products, improved quality and better efficiencies which in turn acted as a catalyst to the development of the local component industry.
CARE Research’s report on ‘Indian Auto Component Industry’ gives valuable insight of the industry encompassing its size, segments, structure, characteristics, government regulations and trends in duties, trend analysis of domestic market, export market and competition. The trends are analyzed in depth for various segments by market, namely OEM segment and replacement segment and by product classification, namely engine components, drive transmission and steering components, body and chassis, suspension and braking components, equipments, electrical components and others.
Various product segments are appropriately associated with the relevant companies for enhancing the understanding of the financial and competitive scenario in the industry. The cost analysis and profitability presented in the report will help the reader identify the critical cost items and their trends for each of the industry segments. The company section in the report provides detailed profiles of the leading forty six players in the industry
CARE Research has developed a detailed statistical model that attempts to forecast the domestic auto component demand with the respective share of the OEM and the replacement market. The OEM segment sales are forecasted on the basis of demand for automobile from various segments and the replacement market demand is forecasted on the basis of the existing vehicle fleet and expected growth in vehicle population.
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