from:  post date: 2008-4-22

With large parts procurement Europe and the United States to gradually shift the attention India, India's auto parts industry is also growing export business.

In recent years, India's auto parts exports have maintained a more than 30 percent growth rate. 2002, India's auto parts exports was 578 million US dollars, and by 2005, this figure had risen to 1.4 billion US dollars. For example, in the past five years, only the United States from India on the procurement of auto parts from 179 million US dollars to 463 million US dollars (compound annual growth rate of 26.8%).


Focus on the development and innovation, and India parts rapid development of manufacturing enterprises one of the main reasons. According to users such as product enhancement requests to change the design of manufacturing companies to adopt the most advanced processing autonomy forging products, which will make the business of the company maintained a high growth rate.


At the same time, positive development of the situation, is to stimulate parts of the Indian enterprises external expansion. India's largest domestic auto battery manufacturer Minda Industrial Co., Ltd. (MIL) in the 2006 ~ 2007 fiscal year sales growth of 44.22%, the net sales income reached 38.66 billion rupees (about 4.315 billion yuan). In fiscal year 2005 to 2006, the company's net income was 26.805 billion rupees. At present, Minda's next plan is to participate in the competition in the world, ready and prepared to seize the Southeast Asian market.


Indian auto parts Manufacturers Association (ACMA) said that in 2012, the Indian automotive components industry revenue will grow at an annual rate of 15%. To 2015, the transaction volume of the potential market will be as high as 40 billion to 45 billion US dollars, of which exports will reach the proportion of 50 per cent.


China's auto industry Chenguangjie Advisory Committee pointed out that the automotive components sub-low three high school level, the current domestic automotive components in the high-end does not have the advantage, mid-range parts in the last few years have begun to develop. But in the low-end manufacturers such as batteries, tires, door panels, small motors are concerned, China's exports is from India, Vietnam and other neighboring countries of the extrusion.


In fact, China and India, the low cost of labour in India, language and background with software talents have many advantages, it is complementary to many parts factories shift the ideal location.


At the same time, India's steel industry development better, and the previously India is a British colony, in the administration of Europe and the United States also more and more easy to accept international procurement. Although only some of the existing international procurement orders to transfer to India signs, but the trend worthy of our attention. India within five years is not enough to become China's threat, but the international buyers in the technological content on the same basis, and pay more attention to price and cost, high-speed development of the components and parts industry in India will create tremendous pressure on China.

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