Best Auto Components Manufacturer in India

The Auto Components Manufacturer in India is owing to become the following automobile ancillary hub in Asia by the year 2020. It could be said that the Indian auto component industry is truly going global and spreading its wings all around the world. It was also analyzed that there was around 50 percent contribution of revenues by means of sales in the International market which was made by some of the Indian companies. A report also revealed that around top 30 manufacturers of auto components all over the country are expected to attain an annual growth of around 17 percent which is estimated to peg around the US $ 38 billion which could be increased to the US $ 115 billion by the year 2021.

In the same period, the sales of the components which are expected to contribute about 17 percent of sales would increase to around 26 percent.

Summary

By the news Auto Components Manufacturer in India, it could be easily concluded that in the following year there would be a few suppliers of auto components in the country and the business would only rest for a few players. It could be clear from the report that in the year 1990, there were around 30,000 suppliers and the number went down to 3000-3500 suppliers in the initial year. It is analyzed that it will go on consolidating continuously.

It was also heralded that after the year 2017 for all automobiles, airbags would be made compulsory which is clearly presenting the opportunity of Rs 1,500 crore.


Website
http://www.avtec.in