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Auto Component Market 2016 Trend, Analysis and Overview

Friday, November 18, 2016 2:25
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(Before It's News)

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 .

 

Contact Us:

Call: +1-646-491-9876
Email: sales@reportsweb.com

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