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Explore Indiau2019s booming auto components industry with insights on key segments, market trends, government support, and future outlook. Presented by Parivahan Sampda u2014 your trusted source for automotive industry updates.
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Auto Components Industry in India Growth, Trends, and Future Outlook By: Parivahan Sampda Website: www.parivahansampda.com
Introduction • • India's auto components industry is among the fastest-growing globally. • • Supports the entire vehicle manufacturing ecosystem. • • Significant contributor to employment and exports.
Market Overview • • Valued at over USD 50 billion (approx.) • • Supplies to domestic OEMs, exports, and aftermarket • • Strong presence of MSMEs and large enterprises
Key Segments of Auto Components • • Engine and Engine Parts • • Transmission and Steering Parts • • Suspension and Braking Parts • • Electrical and Electronics • • Body and Chassis Components
Emerging Trends in the Sector • • Focus on EV-specific components • • Rise of automation and smart manufacturing (Industry 4.0) • • Emphasis on lightweight materials and fuel efficiency • • Digitization of supply chains
Government Support & Policies • • Production Linked Incentive (PLI) scheme • • Faster Adoption and Manufacturing of Electric Vehicles (FAME) • • ‘Make in India’ initiative promoting local manufacturing
Future Outlook • • Global partnerships and technology transfer expected to rise • • Demand from EV sector to drive new investments • • Sustainability and innovation to shape the next phase of growth
About Parivahan Sampda • • India's trusted automotive news and insights platform • • Covers industry trends, events, interviews, and policy updates • • Visit: www.parivahansampda.com
Thank You • • Stay informed with the future of the automotive world • • Follow us on social media • • Website: www.parivahansampda.com