Importance of India in the automotive components industry
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Posted On :
Jan-27-2012
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Article Word Count :
464
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Most major auto manufacturers in the world purchase Indian automotive components to meet the market demand for automotive components.
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It was long ago came to India as the best country in the manufacture of automotive components in the world. Previously, it was only one supplier. Instead of being an important country in the global supply chain of automotive components and automotive components in India, to provide the most excellent quality auto parts companies from some of the major automobile manufacturers worldwide.
Most major auto manufacturers in the world purchase Indian automotive components to meet the market demand for automotive components. According to the Association of Automotive Component Manufacturers of India (ACMA), approximate business of the automotive component industry by the year 2015-16 will be around US $40 billion.
The total income of U.S. exports in 2015-16 about $ 20-22 billion. 31% of engine parts, 19% of the transport unit, steering parts and 12% for each of the suspension and brakes and parts of the body and chassis of the car are being manufactured by the auto component companies.. Commercial vehicles manufectures Delhi, Pune, Gurgaon, are the major auto parts suppliers worldwide.
Various actions taken by some organizations such as UNIDO-SPX assisted the Indian automotive components manufacturing companies a lot to meet the world's leading automobile manufacturing companies by officiating many global business events like Auto Expo. This year, the auto expo was held in New Delhi, from 5thJanuary 2010 to 11th January 2010. The above mentioned organization works as a technical information provider and a match making center for the industrial subcontracting and supply chain management. It eventually helps many small and medium sized companies to reach out to the international market.
This year, the auto expo was held in New Delhi, from January 5, 2010 to January 11, 2010. The above organization as a provider of technical information and take the place of industrial subcontracting and managing the supply chain. Over time, and allows many small and medium enterprises in international markets.
As per the Investment Commission of India, India is amongst the competitive manufacturers and suppliers in the global market. International auto component suppliers, which also includes the names of big brands such as Delphi, Visteon, and Bosch are fascinated by the Indian products and are looking ahead to purchase Indian auto components. These big brands have also established their operations in the Indian sub-continent.
Moreover, India is the second major manufacturing nation of autoparts in the world after China. The massive range of automobiles, which are being manufactured in India comprises:
• Two wheelers such as motorbikes, scooters, mopeds.
• Three wheelers including passenger carriers and goods carriers.
• Tractors, earth moving cranes and construction equipment
• Light Motor Vehicles such as Cars and SUV's.
• Commercial vehicles such as light commercial vehicles, medium and heavy commercial vehicles and buses.
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Article Source :
http://www.articleseen.com/Article_Importance of India in the automotive components industry_140190.aspx
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Author Resource :
Rinco Clutch gave his valuable advice on Automotive Components India, auto parts, Clutch Cover Assemblies, commercial vehicles, purchase Indian auto component has proved to extremely useful in india.
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Keywords :
automotive components india, clutch components, automotive auto parts,
Category :
Business
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Business
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