Industry statistics 23092011
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The auto component industry in India has grown significantly from 2007 to 2011, with a turnover CAGR of 14.6% and estimated future growth of 11% annually to 2021. Exports have also increased substantially, with an 11% CAGR from 2007 to 2011 and estimated future growth of 18.8% annually. The industry supplies a comprehensive range of components and exports 80% to automakers and tier 1 companies, with the remaining 20% going to the aftermarket. Investments in the industry have also risen, reaching $2.3 billion in 2010-11, with $2.5 billion expected for the next year.
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- 1. Auto Component Industry Profile Turnover 120 113* CAGR 2007-11: 14.6% 100 80 CAGR 2011-21: 11%* 66.3* USD billion 60 39.9 40 26.5 30.1 23 20 0 2007-08 2008-09 2009-10 2010-11 2015-16 2020-21 Figures for financial year – April to March (* Estimates) Comprehensive Product Range 1
- 2. Auto Component Industry Profile Exports * CAGR 2007-11: 11% CAGR 2011-21: 18.8%* USD billion * Figures for financial year – April to March Export Destinations (* Estimates) OEM/Tier 1 account for 80%; Aftermarket for 20%
- 3. Auto Component Industry Investments Investments 3.0 2.3 In US$ bn 0.66 1.7 0.1 0.0 2007-08 2008-09 2009-10 2010-11 ~$ 2.5bn Investment is expected next year