Indian Auto Component Industry Bharatbook added a new report on "Indian Auto Component Industry" which gives Detailed analysis of historical trends of Auto Component for both domestic as well as export market in India. Indian Auto Component Industry Indian Auto Component Industry: ‘Volume gains but margin pains’ Say ‘automobiles’ and India is echoed…On the back of fast growing economy and lower penetration, the global automobile manufacturers are foreseeing humungous opportunities in India. Every other global original equipment manufacturer (OEM) is boasting of significant ‘India’ plans. Local OEMs too are aggressive in comprehending the opportunities and have chalked out expansion plans to encash the domestic opportunity. India’s low cost advantage would drive automobile exports as well. Buoyancy in the automobile industry would translate into healthy growth for the ancillary auto component industry as well in the next 4 – 5 years. The low cost advantage would also drive component exports from India. ( http://www.bharatbook.com/detail.asp?id=144305&rt=Indian-Auto-Component-Industry.html ) Factors such as abundant low cost labour, local availability of steel, aluminium and natural rubber, strong ancillary industry and 100 per cent FDI allowed in the sector in addition to bright demand outlook has attracted global auto majors to set up significant capacities in India The investments in component manufacturing is replicating this trend. Many global auto manufacturers are not only sourcing components from local players for their India operations but also for their overseas production. In many other cases, the global automobile manufacturers are setting up component manufacturing facilities in India for their local as well as overseas operations Thus, India is not only eyed as the hub for automobile production but also the epicentre to source components as well. The opportunity on demand side would come along with various challenges on profitability side. Increasing intensity of competition amongst the automobile manufacturers would not allow full passthrough of the rising input costs. The pressure of competition would be percolated down to the fragmented auto component industry with weak bargaining power. The component manufacturers find it difficult to pass on the rising costs to the cost-sensitive replacement market. Thus opportunities on volume front could easily be overshadowed with the margin pressure. The top-line growth may not fully percolate down to the bottom-line. Thus, the players need to be innovative in reducing their costs and improving their productivity to maximize the profitability. To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/detail.asp? id=144305&rt=Indian-Auto-Component-Industry.html Related Reports Auto Components and Spare Parts Market in Russia http://www.bharatbook.com/detail.asp?id=98753&rt=Auto-Components-and-Spare-Parts-Market-in-
Russia.html Automotive Component Manufacturers http://www.bharatbook.com/detail.asp?id=9718&rt=Automotive-Component-Manufacturers.html Or Contact us at : Bharat Book Bureau Tel: +91 22 27578668 Fax: +91 22 27579131 Email: info@bharatbook.com Website: www.bharatbook.com Follow us on twitter: http://twitter.com/3bbharatbook India,automotive,automobile,market research reports,aggregator,demand forecast,market,research,report, market forecast,market share,market growth,market leaders,market report,market research Bharat Book Bureau facilitates companies to take the lead of their industry with best practice business strategies and intelligence, through a unique combination of published reports, databases, country reports, company profiles and customized research services. Bharat Book Bureau provides strategic information tools to the executives, business analysts, and knowledge managers that will help them to probe into and support critical, timely business decisions and strategies.