‘Auto component suppliers are focused on entering new vehicle segments and manufacturing new products with higher margin.  Both Indian and global manufacturers are investing in new capacities and newer programmes, in order to get long term advantage.

Engine parts’ accounts for 31 per cent of the entire product range of the auto components sector followed by ‘drive transmission and steering parts’ (19 per cent) ‘Two wheelers’ is the largest domestic customer segment for the auto components industry Original Equipment Manufacturers (OEMs) dominate production volumes by market range; encouragingly, exports account for a round 28 per cent.