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Indian Auto Component Industry: A Decade of Growth and Way Forward

Author Affiliations

  • 1 CIRD, Bangalore, Karnataka, INDIA

Res. J. Management Sci., Volume 2, Issue (3), Pages 19-27, March,6 (2013)


The growth of Indian Auto Component Industry in the little over first decade of the 21st Century is phenomenal. The Industry transformed gradually in stages from serving just Indian market – majority to replacement market - to global OEMs and replacement market. The Auto Component Manufacturers Association (ACMA) has significance for global recognition and has an impact on GDP. It has a supporting role in the growth of Indian Automobile Sector and in future as per Automotive Plan 2006-16, Vision 2020:21 and Automotive Sector five year plan (2012 – 17) as projected by Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises. The growth of this sub sector has a bearing on the developments and growth of Indian Automobile Industry rather it is dependent on Automobile Industry growth – Locally and worldwide – expanding and aftermarket. This research paper highlights the growth of Indian Auto Component Industry relating with Investments and Foreign Direct Investment (FDI) in Equity inflows, drawing comparison with the developments and growth of Indian Automobile Industry, more specifically to Two Wheelers, Passenger Cars and Commercial Vehicle – Domestic Sales and Export earnings.


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