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Project Details :
The Indian auto-components industry has grown at a steady pace in last few years owing to a buoyant end-user market, improved consumer sentiment and return of adequate liquidity in the
financial system. According to the Automotive Component Manufacturers Association of India, the industry is expected to register a turnover of US$100 billion by 2020 backed by strong exports, and is set to become the third largest in the world by 2025.The Indian auto-components industry can be classified into - organised and unorganised sectors. It comprises of around 700 organized players and a few thousand unorganized players, with its size at about INR2.3 trillion in FY15. During FY15, the industry reported a growth of 11% y-o-y primarily due to recovery in domestic demand and exports. The future demand is expected to be driven by high automobile demand in India, especially from the middle class and in is expected to grow at a CAGR of 8–9%, during FY15–20 to reach 200 million units by FY20.
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