Auto components in manufacturing

Traditionally, India's auto component industry has been inclined towards imports, resulting in a trade deficit. However, recent years have witnessed a notable shift in this trend, bringing forth a significant turning point for the sector.

- Mridu Mahendra Das

The Indian automobile industry has experienced a remarkable transformation in recent decades, propelled by a flourishing manufacturing sector and a burgeoning domestic market. Within this industry, the automobile component sector in India can be categorised into two segments: organised (Original Equipment Manufacturers (OEMs) that specialise in the production of high-value precision instruments) and unorganised (lucrative after-market services, meeting the diverse needs of automobile owners). 

Diving deeper into the intricate web of the automobile components industry in India, one encounters various sub-sectors that form the intricate tapestry of this sector’s contributions. These sub-sectors encompass a wide array of specialised components, such as engine parts, drive transmission and steering parts, body and chassis components, suspension and braking systems, electrical parts and other intricate elements like fan belts, die-castings and sheet metal parts. This diverse range of components underscores the industry’s multi-faceted nature and ability to indulge the diverse requirements of the automotive sector.