Forupdatedinformation,pleasevisitwww.ibef.orgMarch2019AUTOCOMPONENTSTableofContentExecutiveSummary……………….….……..3AdvantageIndia…………………..….………4MarketOverview………………………….....6RecentTrendsandStrategies……....……13GrowthDrivers...……………………….......16Opportunities…………….……….......….…23KeyIndustryAssociations........….………..28UsefulInformation…………..………...……29Forupdatedinformation,pleasevisitwww.ibef.orgAutocomponents3EXECUTIVESUMMARYSource:ACMA,MakeinIndia,NewsArticles,ICRA,Crisil•Overthelastdecade,theautomotivecomponentsindustryhasregisteredaCAGRof6.83percentandhasreachedtoUS$51.20billionin2017-18whileexportshavegrownataCAGRof11.42percenttoUS$13.5billion.Autocomponentsproductionin2018-19toincreaseby12-14percentduetorobustgrowthindomesticandexportmarket.Indiantyreindustryexpectsa7-9percentgrowthoverFY19-23.ThecapitalexpenditurebythedomesticautomotivecomponentmanufactureisexpectedataroundRs24,000crore(US$33.26billion)overtheFY19andFY20.Domesticautocomponentindustryisexpectedtogrowat15percentinFY19.RobustgrowthThegrowthofglobalOEMsourcingfromIndia&theincreasedindigenisationofglobalOEMsisturningthecountryintoapreferabledesigningandmanufacturingbase.RisingindigenisationTheIndianauto-componentsindustryisexpectedtoregisteraturnoverofUS$100billionby2020backedbystrongexportsrangingbetweenUS$80-100billionby2026.IncreasingturnoverTheauto-componentsindustryaccountedfor2.3percentofIndia’sGrossDomesticProduct(GDP)in2017-18.During2017-18,1.5millionpeopledirectlyand1.5millionpeopleindirectlywereemployedintheauto-componentsindustry.ContributiontoGDPandemploymentIndiaisexpectedtobecomethe4thlargestautomobilesproducergloballyby2020afterChina,US&Japan.Theautocomponentsindustryisalsoexpectedtobecomethe3rdlargestintheworldby2025.GrowingautomobileindustryTheauto-componentsindustryisexpectedtofollowOEMsinadoptionofelectricvehicletechnologies.Theglobalmovetowardselectricvehicleswillgeneratenewopportunitiesforautomotiv...