Indian Automotive Components Industry – Company Profiles
Heernet Ventures Limited, May 2008, Pages: 70
Background
The Indian automotive components market has experienced 5 years of rapid growth, driven by strong growth in consumer demand for vehicles, exports and an increasingly supportive regulatory environment.
The industry is still relatively fragmented with hundreds of small component manufacturers – but the largest players now have the scale and capability to compete in international markets and meet the growing domestic demand. Through collaborating with technically sophisticated overseas manufacturers, they have developed the design and manufacturing expertise to become OEM and Tier 1 suppliers.
Foreign investment rules allow overseas players to establish 100% owned subsidiaries; this has helped to integrate the India into the world market and also forced domestic players to enhance the quality of their products.
The industry does face a number of challenges including poor power and transport infrastructure, counterfeit components, currency risk and increasing competition from other emerging countries (particularly China, Vietnam and Malaysia).
Domestic demand is the primary ‘long term’ growth driver for the automotive components industry - both due to India’s current, modest level of car ownership and also the commercial vehicles market. As middle class Indians purchase more sophisticated cars, they are also less likely to buy replacement components from the ‘unorganised sector’. Lower income groups are now able to afford 2 wheelers and cars such as the Rs 1 lac (US$2,000) Tata Nano car.
This new research study provides a comprehensive analysis of the Indian Automotive Components Industry. It covers: market size and structure; historical development; regulatory environment; detailed quantitative analysis of demand drivers; major players; foreign investment and key OEM/Tier 1 collaborations and partnerships; and growth prospects.
Target audience
The report is targeted at automotive and component manufacturers who are keen to build a detailed understanding of the industry in India and the opportunities it presents. In addition to this, it will be extremely useful for financial investors pursuing investment opportunities in India, consultants and other industry analysts.
1. Amtek Auto
2. Asahi India
3. Automotive Axles
4. Balkrishna Industries
5. Bharat Forge
6. Bharat Gears
7. Bosch India
8. Bosch Chassis Systems
9. Clutch Auto
10. Denso India
11. Exide Industries
12. Fag Bearings
13. Gabriel India
14. Jamna Auto
15. Jay Bharat Maruti
16. Lumax Industries
17. Minda Industries
18. Motherson Sumi
19. Munjal Showa
20. Omax Auto
21. Pricol
22. Rane Brakes
23. Rico Auto
24. Setco Automotive
25. Sona Koyo
26. Subros
27. Sundaram Clayton
28. Sundram Fasteners
29. Ucal Fuel Systems
The report contains profiles of the following automotive component manufacturers: Amtek Auto, Asahi India, Automotive Axles, Balkrishna Industries, Bharat Forge, Bharat Gears, Bosch India, Bosch Chassis Systems, Clutch Auto, Denso India, Exide Industries, Fag Bearings, Gabriel India, Jamna Auto, Jay Bharat Maruti, Lumax Industries, Minda Industries, Motherson Sumi, Munjal Showa, Omax Auto, Pricol, Rane Brakes, Rico Auto, Setco Automotive, Sona Koyo Steering Systems, Subros, Sundaram Clayton, Sundram Fasteners and Ucal Fuel Systems. Each profile covers the company’s key activities, financials and joint ventures and partnerships.
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