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The automotive parts manufacturers in India play a significant role in the global automotive parts market. In 2022, the export value of automotive parts to other countries like the USA, the UK, Australia, and the EU was more than $22 billion. It was significantly higher than in the previous two years. Auto parts export from India is expected to cross $70 billion by 2026.
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Automotive Parts Manufacturers in India Driving Excellence The current value of the global automotive market is almost $3 Trillion. The market is growing at 3.1% CAGR at present after a drastic fall during the COVID-19 pandemic. Naturally, the global demand for automotive components is rising steadily. The automotive parts manufacturers in India play a significant role in the global automotive parts market. In 2022, the export value of automotive parts to other countries like the USA, the UK, Australia, and the EU was more than $22 billion. It was significantly higher than in the previous two years. Auto parts export from India is expected to cross $70 billion by 2026. Indian automotive parts component manufacturers are making it big both in terms of monetary value and types of components exported. Reasons behind the high demand for automotive parts manufactured in India Various components used in (we do not make any of these we make only its body parts that help smooth functioning please see the product gallery in automotive for more details)etc. are regularly exported from India to different parts of the world. Automotive components manufacturers like Rockman Advanced Composites export high-quality and standard components to the global market. Polymer composites such as carbon fibres and glass are the most common types of composites used in the manufacturing of automotive components. Rockman Advanced Composites is a prominent manufacturer in this domain. The following are three primary reasons for the global demand for Indian manufacturers in this domain:
Quality Assurance One of the key strengths of automotive parts manufacturers in India is their commitment to maintaining rigorous quality standards. Components produced undergo stringent testing processes, ensuring they meet or exceed industry benchmarks. This dedication to quality assurance has helped Indian automotive manufacturers gain a strong reputation globally. Competitive Pricing Competitive pricing has been a hallmark of Indian automotive parts manufacturers. The cost- effective production processes and skilled workforce have enabled these companies to offer cost-competitive solutions without compromising on quality. This affordability has made Indian manufacturers attractive to both domestic and international OEMs. Innovation and Technology To stay ahead in a dynamic industry like automotive manufacturing, innovation is paramount. Automotive parts manufacturers in India have invested significantly in research and development, embracing cutting-edge technologies such as 3D printing, advanced materials, and automation. This drive for innovation has led to the creation of more efficient and environmentally friendly components. RockmanAC: An Industry Leader Rockman Advanced Composites is a prime example of excellence in supplying parts to OEM companies. Today, they serve the global markets of multiple industries such as automotive, aerospace, railway, marine, defence, renewable energy, and medical appliances. Their core capabilities include FEA Analysis, tooling designing, material selection, laminate designing, Jig or Fixtures designing, and a range of composites manufacturing techniques. The Road Ahead The future for automotive parts manufacturers in India is promising. With the shift towards electric vehicles (EVs) and the global emphasis on sustainable transportation, manufacturers are gearing up to produce components for the burgeoning EV market. With the surging EV market, the demand for different kinds of composite products has been increasing remarkably. At the same time, composite parts manufacturers like Rockman Advanced Components consistently focus on quality and international standards of composite components such as carbon fibre. Furthermore, collaborations with OEMs and global giants in the automotive sector are expected to increase. This would not only enhance the capabilities of manufacturers but also solidify India's position as a global automotive manufacturing hub. Endnote Automotive parts manufacturers like RockmanAC have been integral to the growth and success of the global automotive industry. Their commitment to quality, competitive pricing, innovation, and adaptability has placed them at the forefront of this dynamic sector. As the industry continues to evolve, these manufacturers are well-positioned to meet the changing demands of the automotive landscape, ensuring that India remains a powerhouse in the global market.
