What are the components of automobile industry?
Various sub-sectors of the Automobile component industry in India are engine parts, drive transmission & steering parts, body and chassis, suspension and braking parts, equipment, electrical parts and others such as fan belts, die-casting and sheet metal parts.
Which are the 4 major components assemblies of car?
Components, Parts of Automobile.
- The Chassis.
- The Engine.
- The Transmission System.
- The Body.
Which city is known as auto hub of India?
Chennai
Chennai is nicknamed the “Detroit of India” due to the presence of major automobile manufacturing units and allied industries around the city.
What are auto components?
Auto-Components can be classified into the following sub-sectors – engine parts, drive transmission & steering parts, body and chassis, suspension and braking parts, equipment, electrical parts and others such as fan belts, die castings, sheet metal parts.
Which auto parts are exported from India?
Auto parts such as Fuel tanks, Saddlebags & panniers, Mud Guards & Fenders, Seats, Helmets, Steering wheels and horns, Headlight Assemblies, Grilles, Diagnostic tools, Silencers, Mufflers, and Baffles. Indian sellers also offer customisation to foreign buyers.
Why is there an auto component industry in India?
The growing presence of global automobile Original Equipment Manufacturers (OEMs) in the Indian manufacturing landscape has significantly increased the localization of their components in the country. India has become the preferred designing and manufacturing base for most global auto OEMs for local sourcing and exports.
Which is the best country to export auto components?
Auto Components industry exports, which is currently valued at $ 13.5 bn, is expected to grow at an annual rate of 23.9% to reach $ 80 bn by 2026. USA, Germany, Turkey, UK, and Italy are the top destinations for exports.
Are there any original equipment manufacturers in India?
Component companies are thus engaging with fewer customers. Several Indian original equipment manufacturers (OEMs) such as Hero, Mahindra, TVS, Bajaj and Tata Motors have already begun setting up production units in attractive international markets.
How much money does Indian component makers make?
The international revenues (exports plus revenues of companies acquired overseas) of Indian component makers grew from $6.4 billion in FY09 to $16.2 billion in FY14, a growth rate of 24% per annum.