Contribution Of Indian Automotive Industry And Its Projections

of the last few years, the Indian automobile industry has grown at a tremendous pace, and is currently the Indian automotive component industry is projected to exceed more than U.S. $ 110 billion (INR 5 Crore lak) valuable work to the year 2020. This figure is zero in the assessment requirements of the vehicle, such as in tandem with the country's growth in vehicle production. According to the report by Automotive component manufacturers association (ACMA), from all this, local traffic is likely to grow to U.S. $ 80 billion (INR 4 crore easy) and to export to another U.S. $ 29 billion (INR 1.4 lak crore ).

According to the report, in fiscal year 2010 - 2011, sales of auto parts companies India will go further than USD 26 billion, which is a 18 percent increase over the previous fiscal year sales, which was only USD 22 billion. Moreover, the ACMA-ey (Ernst & Young), Vision 2020 study, most likely, by 2020 India will witness a massive increase in vehicle production.

As far as Europe is concerned, it is likely to constitute a 36.9 per cent of India's auto parts exports in 2010-11, followed by Asia and North America with 28.1 and 24 percent. In addition, the automotive industry has witnessed major changes in the automotive purchasing strategy in India for several years. According to a recent survey in the financial year 2010 - 2011 India is expected to be $ 12 billion investment in the Indian automotive components industry. And, it could lead to the development industry, auto components, engines for India's massive growth in the economy, as well as the manufacturing industry.

In addition, Automotive Mission Plan (AMP) from 2006 to 2016 will further boost the progress of Indian auto components sector and can eventually turn into India an international player in the automotive industry. This plan aims to double its contribution to the automotive industry in the country's GDP and produce 25 million more jobs for people by 2016. In addition, there is enormous potential and opportunity to intensify in the automotive industry and as a result of the various components of SMEs that are in production of automotive components in India have also started to get good international exposure for their products. Moreover, of those small and medium enterprises of auto parts and accessories, many of them become the best auto parts supplier Chennai, Pune, Gurgaon.