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Bharat Book Presents"Indian Auto Component Industry"is ancillary to the automobile industry. Major automobile markets such as North America, Europe and Japan have been witnessing significant slowdown in automobile sales growth since last one decade.
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Indian Auto Component Industry Bharat Book Bureau
Summary The Indian auto component industry is ancillary to the automobile industry. Major automobile markets such as North America, Europe and Japan have been witnessing significant slowdown in automobile sales growth since last one decade. While on the other hand India and China have grown rapidly, consequently leading the surge in the auto component industry in these regions. Gauging the growth prospects in these two regions almost all the major automobile OEMs as well as auto component manufacturers have ventured in these markets. The capability to produce the entire range of auto components along with increasing quality standards of the auto component industry has caught the eye of domestic as well as foreign OEMS in past few years, subsequently giving impetus to indigenisation levels at OEMs. OEM demand growth coupled with the growth in indigenisation levels led to the upsurge in demand for domestic auto component industry.
Continue… The report gives valuable insights of the auto component industry and outlook for the next 5 years. The report also focuses on key segments in the auto component industry and the fundamentals driving the industry. Furthermore, report covers various regulatory issues and trend in duties imposed by the Government and detailed cost analysis and credit profile of the key players in the industry. The report presents CARE Research’s forecasts of domestic market as well as imports and exports for next five years till FY17. The outlook on profitability chapter also provides insights on profitability for next 2 fiscals after considering expected movement in important cost components like raw materials, employee expenses, R&D expensed and selling and distribution expenses.
Table of Contents SECTION- I CARE Research’s OUTLOOK Outlook on Auto component industry Domestic market to grow at a CAGR of 11-12 per cent till 2016Rising indigenisation level will help auto comp manufacturers to offset impact of slow auto sales OEM demand to remain subdued in short term Unorganized players would continue to dominate the replacement market Rise in localisation drive by global OEMs to restrain growth levels in imports...Although recent FTA plans with European Union may provide some short term impetus India is becoming preferred manufacturing destination for global automobile manufacturers Increasing presence of global OEMS is providing opportunity to Indian auto component manufacturers to go global...Indian OEMs growing global footprints helping domestic players consolidate their position globallyInvestments of around Rs. 25-30 billion are expected in next 2 years
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