Thanks to a fine mix of quality and affordability, India has emerged from being a local supplier to a major global player in the auto component industry. India has consistently kept its labour costs low, and coupled with the low cost of raw materials, India’s auto component market emerges as an attractive investment space. Consequently, this market is poised to be worth over US$ 104 billion by 2020.
The Indian auto component market is divided into three segments: Passenger cars, Commercial vehicles, and 2 or 3 wheeled vehicles.
Top 15 Vendors in the Indian Auto Component Market
1) Bharat Forge Limited (BFL), a Pune-based Indian multinational company, is a technology driven global leader in metal forming, having transcontinental presence across nine manufacturing locations, serving several sectors including automotive, power, oil and gas, construction & mining , rail, marine and aerospace. Part of Kalyani Group, BFL today has the largest repository of metallurgical knowledge in the region.
2) In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end to end engineering and technology solutions.
3) For over five decades, SPARK MINDA, Ashok Minda Group (erstwhile MINDA Group) has been a major presence in India’s automobile industry. These fifty years have been interspersed by a number of technological innovations that have gone on to become industry standards. Today the Group has emerged as one of the leading manufacturer of automotive components and employs more than 14,000 people in India and overseas.
4) Samvardhana Motherson Group (SMG) combines the power of innovation and product quality to passionately create world class products that cater to customer needs across diverse industries, especially automotive. Founded in 1975, the Group has a diversified industry-leading portfolio of auto ancillary products and services that make it a full system solutions provider for its customers across the globe.
5) The TVS Group is India’s leading supplier of automotive components and one of the country’s most respected business groups. With a combined turnover of more than over US$ 6.5 Billion , the TVS Group employs a total workforce of close to over 39,000 employees. Charting a steady growth path of expansion and diversification, it currently comprises of over 50 companies.
6) The Amtek Group, headquartered in India, is one of the largest integrated component manufacturers in India with a strong global presence. It has also become one of the world’s largest global forging and integrated machining companies. The Group has operations across Forging, Iron and Aluminium Casting, Machining and Sub-Assemblies.
7) Since its inception in 1880, Exide remains the first and foremost battery brand in India. Exide’s journey dates back to as far as the 1880s when the automobile battery was at its infancy and evolving to maturity step by step. Exide is the only brand that offers a battery for every type of vehicle on Indian roads. Exide is the chosen battery for all international automobile companies in India.
8) Federal-Mogul Corporation is an innovative and diversified US$ 7.4 billion global supplier of quality products, trusted brands and creative solutions to manufacturers of automotive, light commercial, heavy-duty and off-highway vehicles, as well as in power generation, aerospace, marine, rail and industrial. Federal-Mogul Powertrain focuses on original equipment powertrain products for automotive, heavy-duty and industrial applications.
9) Gabriel India Limited is the flagship company of ANAND and a leading name in the Indian Auto Component Industry. Established in 1961, the company provides the widest range of ride control products in India, including Shock Absorbers, Struts and Front Forks, across every automotive segment with over 300 product models on offer.
10) JBM Group is a focused, dynamic and progressive organization that provides customers with value added products, services and innovative solutions. The Group has a diversified portfolio to serve in the field of automotive, engineering & design services, renewable energy and education sectors and has an infrastructure of 35 manufacturing plants, 4 engineering & design centres across 18 locations globally.
11) JMT Auto Limited is one of the largest Auto component manufacturers in the Eastern region and has significant expertise in the auto sector with proven capabilities in Heat treatment & gear manufacturing besides a variety of components for Oil and Gas industry. Established in 1987, the company has the competitive edge based on the latest CNC Technology, its core competence being high precision Gears and Shafts.
12) Through the past 20 years since its incorporation in 1992, PCL has emerged as one of the market leader in Camshaft manufacturing. The company has always maintained a comprehensive quality management system that is aligned with its world-class production practices and an adherence to a constant state of improvement.
13) The Sona Group was founded in 1987 to manufacture components for the automotive industry. Today it is a US$ 800 million multinational – with over 16 plants across India, 3 in Germany and 1 in the USA. The group also has a strategic position in Fuji Autotec, Europe – which has subsidiaries in Brazil, France, Sweden and the Czech Republic.
14) Suprajit Group comprises of Suprajit Engineering Limited, Suprajit Automotive Limited, Suprajit Europe Limited, and Phoenix Lamps Limited. The group is a global leader in the automotive cable industry. With the most competitive manufacturing in India and its technical and logistical supports worldwide, the group provides the optimal product development and manufacturing solutions to its domestic and international customers.
15) WABCO INDIA LIMITED designs, manufactures and markets conventional braking products, advanced braking systems, and other related air assisted products and systems. The company has grown significantly in the Indian commercial vehicle market. WABCO India serves its aftermarket customers through a wide national distribution network. With five world-class manufacturing facilities, software design center and a test track in India, WABCO India excels in engineering and manufacturing.
