Indian auto ancillary/auto components industry is one of the fastest growing industries and is riding on the success of the auto sector. The Indian auto industry is highly competitive with the presence of a large number of global and Indian auto-companies. Auto sector alone contributes nearly 84.3% of the total turnover (OEM) and the rest belongs to the replacement market. The auto component sector clocked a turnover of USD 35.1 bn in FY14, recording a CAGR of 7.8% during the period of 2008-2014 and is projected to become the fourth largest automobile producer globally by 2020 with a turnover over USD 150 bn by FY20, according to Automotive Component Manufacturing Association of India (ACMA).
In this detailed report, we have analyzed the industry with a holistic perspective by focusing on overview, growth drivers, challenges, government regulations, key players and finally where we see the industry five years down the line.