2. The Indian auto component industry is one of India's sunrise industries with tremendous growth prospects. The industry has emerged as one of the key auto components centres in Asia. As per a report by the Automotive Component Manufacturers Association of India (ACMA), the turnover of the auto component industry is being estimated at around US$ 19.2 billion in 2010-11. 2 Indian Auto Industry
3. The industry's turnover is likely to touch US$ 40 billion by 2015-16. The potential compounded annual growth rate (CAGR) of the auto component industry is estimated to be 11 per cent in the period 2008-15. 3
5. Domestic market projected to grow at around 8-10% p.a. in the next 10years. Exports projected to grow at over 30% p.a. Opportunity to address the global Auto Components market while leveraging India’s large and growing domestic market. Opportunity to set up R&D centres in India 5 Opportunities
8. More than a fourth (40 per cent) of Indian auto component exports head for Europe, with North America featuring a close second at 23 per cent. Almost 67% of the companies in the auto component industry are exporting their products; 7% of the companies are totally export oriented. Around 21% of the companies export more than 50% of their produce. The major export destinations are Americas and EU, with over 60% of the companies exporting to these countries. 8 Export
11. Largest Three Wheeler Market in the World. Second largest Two Wheeler Market in the World. Fourth largest Passenger Vehicle Market in Asia. Fourth largest Tractor Market in the World. Fifth largest Commercial Vehicle Market in the World 11 India’s Position in World Production
13. The reduction in the Customs Duty on Steel and Aluminium Scrap from 5% to 0%. Reduction of Excise Duty on Small Cars, Two/Three Wheelers, Buses. Hybrid and Electric Vehicles which will also benefit the auto components and ancillary units as the demand from the replacement market would increase. Reduction in Central Sales Tax from 3% to 2%. 125% Weighted Income Tax Deduction on expenses incurred on outsourced R&D which helps to promote automotive R&D. 13 Incentives- Duty Regime
14. 14 The future of auto in India 2016: (million units)
15. 1. Infrastructure Deficit 2. Talent Crunch 3. Scaling-Up the industry 4. Access to World-class Technology and Quality Practices 5. Remaining cost competitive 15 Challenges India is committed to address
16. The journey of excellence started long back in 1938 in pre interdependence days when a young man having a great vision translated his dream into reality steered by sheer hard work and determination. The entrepreneurship of founder, Baba Gurumukh Singh Ji, began with manufacturing of Bicycle Components, which afterwards got diversified into manufacturing of automotive components for various motor vehicles. 16 About G.S. Auto International
17. He formed a small team of 4 dedicated people to start marketing activity outside Punjab across India. Most of the respect GS has attained comes from their long-term commitment to quality. Since 25years, they are one of a few selected manufacturers to develop in-house quality program. GS is proud to say, in 1997, they elevated their quality commitment to meet ISO 9002 standard and today, GS is ISO/TS 16949 certified company. 17
18.
19. 1973: Got converted into private limited co. Gurmukh Singh & sons Pvt. Ltd. On 29th June, 1973
20. 1985: Renamed as G.S. Auto International Ltd. On 5th Aug, 198518 Important Landmarks
27. Sense of urgency Better Relationships and better Quality of products & Services. Continuous Improvement for excellence and consistency. 22 Principles of Business
28. Customer satisfaction through best quality products and in house research developments; Be a world class quality preferred supplier to OEM’s of the world, through best quality, innovation and cost competitive products. Grab a sizeable market share for replacement market, through better dealer network and by the supply of best quality Components; 23 VISION
29. Understanding and serving the needs of the customer. Providing distinctively superior value to the global market. Creating a conductive work environment for its employees. Serving the customers with technological advanced products. Delivering the best value to the customer 24 Philosophy
30. Workmen trainees who have successfully completed their training with G.S. are absorbed on company rolls. To attract and retain talent, Graduate engineer trainees recruited from engineering colleges and also from campuses, which have completed their training, have been absorbed as engineers and have also tied up with the colleges from where entry level employees are recruited. Employee satisfaction is carried out and based on the feedback received, corrective actions have been initiated which ultimately effect the morale booster of the employees. 25 Human Resources
31. Communication meeting is being organized every month to appraise all the employees on the major development on various fronts such as market, supply chain as well as feedback cum suggestions etc. and also for any new suggestions as well as new initiatives. Leadership development programme planned for office bearers at each and every level of the organization and for Executive committee members. 26
32. Company has maintained its excellent industrial relations records of not loosing even a single day due to industrial action since its inception, which further shows the relation of the company with its workmen. 27 Industrial Relationships
33. On April 1st, of every year, Annual day is being celebrated and the employees and their family members are attending the function. This is an occasion of family get together. Various culture and religious activities were conducted for employees and their family members. 28 Employee Welfare
34. All the employees including contract workmen undergo pre employment safety training including the onsite emergency preparedness. Safety handbook are also given i.e. on the safety oath, emergency preparedness, instruction to fight against fire, emergency phone numbers. Reported near miss safety incidents are being investigated and immediate corrective and preventive actions are being initiated. Work permit system is followed strictly for hazardous work in nature, both for internal and sub contract works. 29 Safety
35. ISO: TS 16949 Certification BVQI, UK (April, 2005) QS 9000: Accredited in Dec, 99 by BVQI, U.K. Re-Certified in June, 2003 ISO 9002: Accredited In March, 97 by BVQI, U.K. 30 QUALITY CERTIFICATION
36. In-house facilities for design using latest equipment, computer-aided designing based on customer requirement result in immaculate quality of components produced. Dies, Jigs, Fixtures and special purpose machine tools are developed in-house which lead to cost effectiveness solutions and better product quality. 31 Design & Development
37. Cold Forging Facility Hot Forging Facility Bar Drawing Facility Heat Treatment Facility Carburizing Hardening Tampering Annealing Induction Hardening Machine Facility CNC Machining and Turning Centres SPM’s Multi-Station Robotized Transfer Lines 32 Manufacturing Facilities
38. Surface Treatment Phosphating Auto Black Zinc Electro-Plating Painting, Powder Coating Tool Room Ferrous and Non Ferrous Foundry Testing Facilities Chemical Physical Micro Structural Analysis Metallurgical Laboratory CAD/Uni Graphics & other Designing Software 33
39. Machined Parts King Pin Set Spring Pins Shackle Bolts Check Nuts Axle Studs U-Bolts Centre Bolts Miscellaneous Bolts and Genuine Nuts 34 Product Range
41. Non Ferrous Cast Components: Customized Aluminium Bronze Parts of Different Sizes (Bushes) Ductile Iron Cat Components: Spring Hanger Shackle/Bracket Engine Mounting Base Plates Threaded Rings Compressor Mounting Bracket Casting in Weight Range 1-20 Kgs. 36
42. G.S. Automotive (P) Ltd. G.S. Auto Comp (P) Ltd. G.S. Consumer goods (P) Ltd. 37 Group Companies
43. G.S. Auto has strong presence in OEM (Original Equipment Manufacturer) Replacement Market Export Market 38 Customer Base
51. To study the export procedure of auto part industry. To study how export marketing is done. To study the documents required for processing an export order. 44 Objectives
52. Exports refer to sale of goods to a foreign country. Exports can be of goods which can be moved physically from one country to another or can be of service rendered. Two classes of Exports: Physical Export Deemed Export 45 Introduction to Exports
53. Exchange of Technical Know –How. Development of means of transport and communication. Improvement in BOP. Increase in the Forex Reserve. It generates employment opportunities in the country. 46 Advantages of Export Trade
55. Finding New Customers from the directory of Importers of the country. by writing to the Embassy of India in foreign countries. by writing to the Chamber of Commerce by participating in Trade Fairs Through Agents Advertisements Internet Sending Introduction Letters 48 Step :1
63. Request for Quote or RFQ RFQ contains the following details: Purchase Agreement General Information Part –Wise Requirement Drawing Material Standards Commercial Terms & Conditions 50 Step:3
64. Analysis of RFQ by the seller Preparation of Technical Feasibility Report by Multidisciplinary team 51 Step: 4
65. Quotation as per RFQ Analysis of various RFQ by the Buyer Negotiation 52 Step: 5
74. Shipment & Custom Formalities Submission of Documents Appraisement of Documents Carting Order Storing of Goods in the Sheds Examination of Goods Let Export Order Loading Goods Obtaining bill of lading 59 Step:12
75. Preparation of Post-Shipment Documents Bill of Exchange Commercial Invoice with all Particulars Packing List Bill of Lading Shipping Company Declaration Inspection Certificate Certificate of Origin/ Form 16 A Exchange Control Copy of Shipping Bill SDF form Inspection Report Copy of Order Copy of L/C 60 Step: 13
76. Shipment Follow- Up Payment Realization Bank Certificate of Payment Realization Claim Documents of Export Incentives 61 Step:14
