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Auto Electrical Parts
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Sun Autoelektrik Private Limited.
Sun Autoelektrik Private Limited.
Sun Autoelektrik Private Limited.
Sun Autoelektrik Private Limited.
Sun Autoelektrik Private Limited.
Sun Autoelektrik Private Limited.
Sun Autoelektrik Private Limited.
Sun Autoelektrik Private Limited.


Sun Autoelektrik Private Limited.



manufacturer & exporter
of premium quality
AUTO ELECTRICAL PARTS


Sun Autoelektrik Private Limited is a group of qualified professionals, with over 30 years of experience in the field of Automotive Electrical Parts
Sun Autoelektrik Private Limited.
Sun Autoelektrik Private Limited.
Home » Industry Overview

Industry Overview

Indian Auto component industry is a sunrise industry with tremendous growth prospects. From a low-key supplier providing components to domestic market, the industry has emerged as one of the major auto component centers in Asia. Presently, India supplies a comprehensive range of high value and critical components to global auto makers such as General Motors, Toyota, Ford and Volkswagen amongst others.

Based on the reports of Automotive Component Manufacturers Association of India (ACMA), the turnover of auto component report was estimated at over US$ 18 billion in 2007-08, an increase of 27.2 per cent since 2002. It is likely to touch US$ 40 billion by 2015-16.

Export of the auto components is growing at the rate of 35 percent during 2002 - 2007. It is expected to reach around US$ 20 billion-US$ 22 billion by 2015-16. A majority of Indian exports are sent to Europe and North America.

Although, global recession has adversely affected Indian auto component industry, it is now coming back on the track. The auto component industry in Kanpur has witnessed a manifold increase in the orders.

Destination India
Global automobile manufacturers see India as the hub for automotive components. This has resulted in rapid increase in the demand and value of components due to:


Manufacturers from luxury car segment look forward to make India a sourcing hub for components, besides using more local components in cars for the Indian market. Automotive giants such as BMW, Skoda and Mercedes Benz have entered into a direct sourcing deal with the local vendors in the country.

Policy Initiatives
Government has taken several initiatives to promote foreign direct investment (FDI) in the industry.

Some of the policies are as follows:

Future Ahead
Even though India's auto component industry has conventionally relied on export to generate profits, the domestic market is itself full of opportunities. Industry experts are hopeful that the country will be able to outperform China and other Southeast Asian countries in the segment. With investment of around US$ 15 billion slated for the sector over the next few years, the prospects for India's auto market are bright.
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