in India The Indian automotive components industry - Teknikföretagen
in India The Indian automotive components industry - Teknikföretagen
in India The Indian automotive components industry - Teknikföretagen
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<strong>India</strong>n <strong>automotive</strong> <strong>components</strong> manufactur<strong>in</strong>g <strong>in</strong>dustry has matured<strong>The</strong> <strong>in</strong>dustry has developed the credential to manufacture the entire range of<strong>components</strong> required to manufacture vehicles which is clear from the high levelsof <strong>in</strong>digenization that the <strong>in</strong>dustry has achieved. For <strong>in</strong>stance, Tata Motors, one of<strong>India</strong>’s largest vehicle manufacturers is produc<strong>in</strong>g its new model Tata Nano, us<strong>in</strong>g97 per cent local content. 2Currently, more than 60 per cent of <strong>automotive</strong> <strong>components</strong> exports cater to USAand Europe, that constitute the high Accepted Quality Level (AQL) markets. 3In the 1990s more than 80 per cent of the exports were made to the <strong>in</strong>ternationalafter-market. However <strong>in</strong> 2005, more than 70 per cent of the exports were madeto global Orig<strong>in</strong>al Equipment Manufacturers (OEMs) and Tier 1 companies andonly 30 per cent of exports were made to after-market. Thus it can be <strong>in</strong>ferred thatthe <strong>automotive</strong> <strong>components</strong> manufactur<strong>in</strong>g <strong>in</strong>dustry has reached a high degree ofmaturity <strong>in</strong> terms of quality and technology over the past few years. 4In fact, accord<strong>in</strong>g to the Investment Commission of <strong>India</strong>, 11 <strong>India</strong>n manufacturers<strong>in</strong>clud<strong>in</strong>g Sundaram Fasteners and Mah<strong>in</strong>dra & Mah<strong>in</strong>dra have received the covetedDem<strong>in</strong>g Prize. No other country except for Japan has won the Dem<strong>in</strong>g Prize thesemany times. 5Large manufacturers of <strong>automotive</strong> <strong>components</strong><strong>The</strong>re are a large number of domestic manufacturers of <strong>automotive</strong> <strong>components</strong>.Some of the major <strong>India</strong>n manufacturers of <strong>automotive</strong> <strong>components</strong> are TACO,part of the Tata Group, Sundaram Clayton part of the TVS group, Munjal Showapart of Hero group, Amtek Auto, Bharat Forge, Lucas-TVS and M<strong>in</strong>da <strong>India</strong> Limited(MIL) among others. Major global players <strong>in</strong> the <strong>in</strong>dustry <strong>in</strong>clude Delphi, Visteonwhich is part of Ford Motors, Bosch Limited which is part of the Bosch groupand Motherson Sumi Systems which is part of the Sumi Motherson Group.2 ) Reference has been made to <strong>India</strong>car Private Limited (2nd September 2008)3) M<strong>in</strong>istry of Heavy Industries and Public Enterprises (2006c) has been referred4) M<strong>in</strong>istry of Heavy Industries and Public Enterprises (2006b) has been referred5 ) <strong>The</strong> Dem<strong>in</strong>g Prize is one of the most prestigious awards given for advancement <strong>in</strong> quality. Orig<strong>in</strong>ally, it was madefor reward<strong>in</strong>g Japanese manufacturers but now this prize is also awarded to companies from other countries6
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