DUBLIN, March 5, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/b6lp38/the_indian) have announced the addition of the "The Indian Automotive Supplier Report 2014" report to their offering.
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The Indian automotive industry is currently going through one of its most challenging phases so far. Vehicle sales are set to register a negative growth in 2013 - first time in more than a decade - compared with the previous year. Official data shows that vehicle sales in India declined at a high single digit rate year on year in the first nine months of 2013 compared to 2012. This downward spiral has prompted automakers and suppliers to cut production to avoid excess inventory build-up. Besides, there's little respite on the cost front. Though there has recently been some softening in raw materials prices, other costs such as wages, cost of power and finance expenses, continue to erode suppliers' operating margins.
The weakness in the automotive market has taken its toll on the investment drive of many suppliers. While international suppliers have continued their investments in India, citing the country's long-term growth prospects, local suppliers have almost put their expansion plans on hold until there is a sustained recovery in vehicles sales. The Indian automotive industry at the moment is facing multiple challenges such as slowing economic growth, high inflation and high interest rates - compared with many of its peers. IHS however is sanguine about the country's growth trend in the medium to long term and forecasts recovery in vehicle sales in 2014, and high single-digit growth in vehicle sales for the rest of this decade. IHS expects vehicle sales in India to grow at an average rate of 12.2% annually between 2014 and 2020; sales are expected to reach 7.1 million units by 2020 compared with 3.6 million in 2012.
This fourth edition of the Indian Supplier Report offers an account of the current volatile business environment in the country. The report, based on comprehensive first hand interaction with industry officials, gives an insight into how suppliers are dealing with the current market and economic challenges. The analysis in this report is supported by a survey conducted among more than 50 senior industry executives - mostly tier one suppliers.
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Vehicle Production
4. India's Automotive Component Industry
5. OEM-Supplier Relationship
6. Automotive Clusters in India
7. Challenges for the Indian Supplier Industry
8. Government Policy
9. Infrastructure Development
10. Supplier Profiles
Companies Mentioned:
- Aisin Seiki
- Alicon Castalloy
- Amalgamations Group
- Amtek Auto
- Anand Group
- Apollo Ty
- Ashai India Glass
- Ashok Iron Works
- Ashok Minda Group
- Auto Ignition Limited
- Automotive Stampings
- Axles India
- Bagla Group
- Bajaj Motors
- Banco Products
- Bharat Forge
- Bharat Gears
- Bharat Seats
- Bhushan Steel
- Birla Corporation
- Birla Tyres
- Bohra Rubber
- Bosch India
- Brakes India Limited
- Bridgestone India
- Caparo India
- CEAT
- Clutch Auto
- Continental
- Cooper-Standard
- DCM Engineering Products
- Delphi
- Denso India
- Endurance Systems
- EXEDY India
- Exide Industries
- Faurecia
- Federal-Mogul Goetze
- Fenner India
- Fiem
- Gabriel India
- GKN Driveline India
- Goodyear India
- Guru Nanak Auto
- Halonix
- Harita Seating
- Hi-Tech Gears
- Imperial Auto
- IP Rings
- Jamna Auto
- Jaya Hind
- Jay Bharat Maruti
- Jay-Ushin
- JKM Automotive
- JK Tyre
- Johnson Controls
- Johnson Matthey
- Kalyani Forge
- Kinetic Engineering
- Krishna Maruti
- LG Balakrishnan
- Lucas TVS
- Lumax Automotive Systems
- Lumax Industries
- Machino Plastics
- Madras Engineering
- Magna
- Magnetti Marelli
- Mahindra Systech
- Mahle
- Mark Exhaust
- MRF
- Munjal Auto Industries
- Munjal Showa
- Neolite ZKW Lightings
- NRB Bearings
- Omax Auto
- Pricol
- Ramakrishna Forgings
- Rane Group
- Rasandik
- Remsons
- Rico Auto
- Ring Ring Plus Aqua
- RSB Transmissions
- Ruia Group
- Saint-Gobain
- Samvardhana Motherson Group
- Sanden Vikas
- Sandhar Technologies
- Setco Automotive
- Shriram Pistons and Rings
- Sigma Group
- SKF India
- Sona Koyo
- Steel Strips Wheels
- Sterling Tools
- Subros
- Sunbeam Auto
- Sundaram Clayton
- Sundram Fastners
- Talbros Talbros Automotive
- Tata AutoComp
- Tata Steel
- TRW Automotive
- UCAL Fuel Systems
- Valeo
- Varroc Group
- Victor Gaskets
- Visteon
- WABCO India
- Whells India
- ZF India
For more information visit http://www.researchandmarkets.com/research/b6lp38/the_indian
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets
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