Auto components manufacturers in India.

16/03/2019 Auto Parts & Accessories

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Description

Auto components manufacturer in India is one of the accelerating countries in the field of automotive. The recent growth in the field of auto manufacturers took India to a new level of automation. India is going to become the 4th largest manufacturing company globally.

At present India is the primary option as a vendor company for the globally dominating company in term of auto components. The main reason behind it was the supply of the components at low cost as compared with other countries. It’s because of the presence of low-cost labour in India.

Most of the well-known companies are connected with the Indian vendor companies for auto components. The major auto components manufacturers in India and are going to join top 100 auto companies globally are- Bharat Forge, Motherson Sumi System, Sundram Fasteners, Bosch India and Sundaram Clayton. The other known Auto component manufacturers in India are Exide, Dunlop, Seat, Bharat Seats, JBM group, AVTEC, Lucas TVS, MIL, Anand, Sona Koyo Steering systems Limited etc.

It is expected that 26 per cent of the market will be exported by 2021. It makes up to 7 per cent of India’s GDP. In the last decade, India accounts for up to 3 times more export than before.

Conclusion: - Thus it is concluded that the auto components manufacturers in India play a vital role in the growth of the country along with the auto industry. All the globally known automobile companies depend on the Indian vendor companies to provide automobiles at pessimistic cost.

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