IBEF-印度汽车零部件行业报告（2019年3月）（英文）-2019.3-33页.pdf

For updated information, please visit www.ibef.orgMarch 2019AUTO COMPONENTS每日免费阅读行业报告1、每日星球内分享10+精品报告；2、不定时分享国际投行报告，脱水研报等；3、行业报告均为公开内容，版权归原作者所有，星球仅分享内部学习。扫描右侧二维码即刻加入【行业报告（免费） 】星球（此页只为更多需要行业报告的朋友提供便利，希望不会影响您的阅读，谢谢理解！）Table of ContentExecutive Summary……………….….……..3Advantage India…………………..….………4Market Overview………………………….....6Recent Trends and Strategies……....……13Growth Drivers...……………………….......16Opportunities…………….……….......….…23Key Industry Associations........….………..28Useful Information…………..………...……29For updated information, please visit www.ibef.orgAuto components3EXECUTIVE SUMMARYSource: ACMA, Make in India, News Articles, ICRA, Crisil•Over the last decade, the automotive components industry has registered a CAGR of 6.83 per cent and hasreached to US$ 51.20 billion in 2017-18 while exports have grown at a CAGR of 11.42 per cent to US$ 13.5billion. Auto components production in 2018-19 to increase by 12-14 per cent due to robust growth indomestic and export market.Indian tyre industry expects a 7-9 per cent growth over FY19-23.The capital expenditure by the domestic automotive component manufacture is expected at around Rs 24,000crore (US$ 33.26 billion) over the FY19 and FY20.Domestic auto component industry is expected to grow at 15 per cent in FY19.Robust growthThe growth of global OEM sourcing from India & the increased indigenisation of global OEMs is turning thecountry into a preferable designing and manufacturing base.Rising indigenisationThe Indian auto-components industry is expected to register a turnover of US$ 100 billion by 2020 backed bystrong exports ranging between US$ 80-100 billion by 2026.Increasing turnoverThe auto-components industry accounted for 2.3 per cent of India’s Gross Domestic Product (GDP) in 2017-18. During 2017-18, 1.5 million people directly and 1.5 million people indirectly were employed in the auto-components industry.Contribution to GDP and employmentIndia is expected to become the 4th largest automobiles producer globally by 2020 after China, US & Japan.The auto components industry is also expected to become the 3rd largest in the world by 2025.Growing automobile industryThe auto-components industry is expected to follow OEMs in adoption of electric vehicle technologies. Theglobal move towards electric vehicles will generate new opportunities for automotive suppliers. The massconversion to electric vehicles may generate a US$ 300 billion domestic market for EV batteries in India by2030*.Electric vehicles pushNote: OEM: Original Equipment Manufacturer, EV – Electric Vehicles, *As per NITI AayogAuto componentsADVANTAGE INDIAFor updated information, please visit www.ibef.orgAuto components5ADVANTAGE INDIAGrowing working population & expanding middle class are expected to remain key demand driversIndia is the fourth largest automobile market globally.Reduction in excise duties in motor vehicles sector to spur the demand for auto componentsIndia is emerging as global hub for auto component sourcingRelative to competitors, India is geographically closer to key automotive markets like the Middle East & Europe In December 2018 India pitched to boost its exports in auto components in the market of China.A cost-effective manufacturing base keeps costs lower by 10-25 per cent relative to operations in Europe & Latin AmericaPresence of a large pool of skilled & semi-skilled workforce amidst a strong educational systemThird largest steel producer globally hence a cost advantageIn September 2015, Automotive Mission Plan 2016-26 was unveiled which targets a fourfold growth for the sectorStrong support for R&D & product development by establishing NATRiP centres100 per cent FDI allowed under automatic route for auto component sectorIn January 2019, The Government of India lowered the custom duty on import of parts and components of electric vehicles to 10-15 per cent.ADVANTAGEINDIANotes: NATRiP - National Automotive Testing and R&D Infrastructure Project, FY - Indian Financial Year (April to March), R&D – Research and DevelopmentAuto componentsMARKET OVERVIEWFor updated information, please visit www.ibef.orgAuto components7Auto ComponentsPistons & piston ringsGearsBrake & brake assembliesHeadlightsStarter motorsSheet metal partsPower train componentsClutchesOther panel instrumentsOther equipmentEngine valves & partsWheelsBrake liningsHalogen bulbsSpark plugsHydraulic pneumatic instrumentsFuel-injection systems & carburetorsSteering systemsShock absorbersWiper motorsElectric Ignition Systems Fan beltsCooling systems & partsAxlesLeaf springsDashboard instrumentsFlywheel magnetosPressure die castingsPRODUCT SEGMENTSSource: ACMAEngine PartsDrive transmission & steering parts Body and chassisSuspension & braking partsEquipmentElectrical partsOthersFor updated information, please visit www.ibef.orgAuto components8ROBUST GROWTHRevenues have risen at a CAGR of 6.83 per cent from US$ 26.44 billion in FY08 to US$ 51.20 billion in FY18.Domestic OEM supplies contribute 55....