Auto Component Companies India Setting High Standards
India has the most competitive auto parts manufacturing industry in the world
, and Indian automotive components are being widely preferred by numerous leading automobile manufacturing companies. Auto component companies India are leading this industry by providing genuine, cheap and reasonably priced automotive parts.The Indian automotive components industry has quickly transformed from a domestic market supplier, to one of the essential auto parts supplier in the world. Being a leading competitor in the automotive supply chain, auto component companies India also deliver high-value auto products to world renowned automobile manufacturing companies, like General Motors, Toyota, Volkswagen, and BMW.
Most of the leading automobile manufacturing companies purchase Indian auto components to fulfill the rising requirement for original spare parts in the global market. Recently, publicized stats by the Automotive Component Manufacturers Association of India (ACMA), estimated turnover of the auto component industry in the next budget year will be exponentially more than the recent one. Moreover, the auto component companies India will export the components worth billion dollars.
Indian automotive components dominate this industry in engine parts, as India itself delivers 31% of the requirement. Moreover, in manufacturing drive transmission and steering parts, it is 19 %, in body & chassis and suspension & braking parts its 12 % respectively. Various leading auto component companies India are situated in Delhi, Pune and Gurgaon, the metropolitan cities of the country.
United Nations has also taken an initiative by forming an organization, which is further helping micro, small and medium sized auto component companies India to get the business from the leading automobile manufacturing companies. And, for all this the organization hosts some useful events almost every year, and one of the leading example is Auto Expo 2010, which had been held in Delhi, from 5-11 January 2010.
The organization set-up by UN in India works as a match making center, and provides technical information of the India based auto parts manufacturing companies for the industrial subcontracting and supply chain management. All this helps small companies to get the global exposure by introducing themselves in the global auto market.
The Investment Commission of India has also stated that India is one of the leading competitive auto parts manufacturers in the world. Almost every leading international auto component manufacturing company iskeento purchase Indian auto components, and have eventually started manufacturing their products in India. Along with all this India is also in the making of the main center for R&D of automotive components, as many companies related to this field have already set-up their research and development centers.
by: vineetkumar