As the spending potential of Indian consumers continues to rise, the demand for better technologies and more options in the automotive market has consequently boosted the growth of its supporting auto-components sector. To encourage extensive local production and the creation of international trade opportunities, the Government of India has implemented several policies that benefit the auto-component sector.
With many leading global automobile manufacturers and transportation companies entering Indian markets, there is an increasing demand for world-class components and automotive parts to support the larger ecosystem. Fueling this growth, new initiatives have been mandated by the Government for the sector’s long-term growth as well as the promotion of manufacturing components in India.
The significant potential of the auto-component sector in India can be captured in 3 key figures as:
Leveraging our work and experience in this sector, which ranges from advisory and research to long-term financial structuring, our team with sectoral expertise on auto-components have compiled the following documents.
An overview of the sector, highlighting areas for business entry and future growth
Stay updated with our insights and expert opinions on significant aspects of doing business in this sector as well as key policies issued by the governing authorities that impact the same: