The auto component industry in India has been navigating through a period of rapid change with utmost elegance. The industry is growing at the rate of 20% per annum right from the year 2000 and it is expected to maintain the high-growth phase of 15-20% till the year 2015. The auto component industry in the nation is one among the few sectors with heavy global competition in terms of quality and cost. Right from the year 1991 many global automobile manufacturers has established their firms in India due to an average cots reduction of nearly 25-30% in India. In the present scenario, India is acting as an outsourcing hub for many global automobile manufacturers.

Cost pruning and innovation hold the key for meeting the global challenges of rising demand from emerging economies and from developed countries. Many Indian auto component manufacturing firms have geared to this reality and they are in the process of substantially investing in developing design capabilities, setting up Greenfield ventures, acquiring companies overseas, establishing partnerships with companies within and outside India and capacity expansion. India’s top 500 companies published in the year 2006 by the Dun & Bradstreet has included 22 auto component manufacturers as top companies in India and the names of some of the top players in the Indian auto component industry are given below:

Top five auto component companies in India:

• Bharat Forge

• Motherson Sumi

• Amtek Auto

• Sundaram Fastners

• EL Forge

Some of the details regarding these top auto component manufacturers are given below:

Bharat Forge:

Bharat Forge Limited is a flagship of Kalyani Group, which is a USD 2.5 billion worth company. The company manufactures different machined and forged components for the non-automotive and automotive sector. Right from its conception in the year 1966, the company has achieved several milestones and it is presently among the technologically most advanced manufacturer of machined or forged components. The company is emerging as one among the top multinational companies with operations in over four other countries apart from India.

Motherson Sumi:

Motherson Sumi Systems Limited shortly called as MSSL is one among the leading auto component manufacturers in India and recently the company acquired 80% of the stock of a German-based company called as Peguform Group. The company is a group company of the Motherson Sumi Systems Limited and the company came into existence in the year 1986. The company is operating from Noida and it is engaged in the manufacturing of a wide range of auto components.

Amtek Auto:

Amtek Auto has its operations in India, the UK and the USA and the company is a diversified automotive component supplier in the global auto component supply chain and manufacturing company. The company observes a powerful entrepreneurial culture and they are engaged in the manufacture of auto components, modules, assemblies and automotive systems.

Sundaram Fastners:

Sundaram Fastners Limited is a group company of the popular TVS group, which is operating from the city of Chennai. The company has a track record of more than 40 years. They have a diversified product line with facilities in over four countries and some of the products dealt by them are iron powder, tappets, shafts and hubs, couplings and gears, gear shifters, automotive pumps, radiator caps, hot forged components, cold extruded parts, powder metal components and high-tensile fasteners.

EL Forge:

EL Forge Limited is operating from the city of Chennai, where its headquarters is located. They are manufacturing products like sockets for ball joint, brake parts, claw poles, valve parts, wheel hubs, transmission parts, rocker arms, connecting rods, light duty crankshafts and closed die forgings.

In addition to the companies, the Indian auto component industry is also dominated by other top players like TVS Autolec and Sona Koyo.