Top Auto Parts Manufacturers of India
The auto components manufacturing companies have been on rise from last few years. And the dynamism of this sector has increased with entry of some global players. But there are some who despite all challenges and big players presence have emerged as unbeatable players. Names like TVS Autolec, Bharat Forge, Motor Industries Company of India, Rico Auto, and Subros have been some known names among them.
It is proved that any kind of growth that takes place in any segment results in growth of several other sections related to it. The fact stands truly for the auto parts companies of India. With the growth of automotive segment post liberalization, this segment too has viewed unseen growth. The segment since year 2000 has been growing at the rate of 20% per year and this rate is expected to be constant for some more upcoming years. The car auto parts companies in India has been embraced by some of the biggest car manufacturers of the world and is currently running under heavy competition. Below enlisted are some of the key leaders of this segment:
1. Bharat Forge: The present worth of this company is $2.5 billion. A flagship of Kalyani Group, this company is into manufacturing of forged and machined auto parts for both non-automotive as well as automotive segment. It is one of the oldest manufacturers of India that has been serving this industry from 1966 and has emerged as one of the most successful multinationals of India. At present, it is working in four other countries than India.
2. Motherson Sumi: One of the leading automobile components manufacturers this company has been working from almost 25 years. Best in serving auto component purposes it has recently acquired 80 per cent stake in a German company named Peguform Group. The company operates from Noida and makes the widest range of auto parts in India.
3. Amtek Auto: The operation of this expands around the world from UK to USA. This company has been known for supplying automotive parts throughout the globe. With a high level working culture this company manufactures several other products apart from auto components such as assemblies, automotive systems, and modules.
4. Sundaram Fastners: this company is an extension of the much known TVS group. With its headquarters in Chennai, this company has been serving the needs of customers from last four decades. This company manufactures several other products like automotive pumps, iron powder, radiator caps, cold extruded parts, hot forged components, high tensile fasteners, powder metal components, coupling and gears, and much more.
5. EL Forge: This company headquarters are based in Chennai and the products for which this company has earned a name include rocker arms, connecting rods, transmission parts, wheel hubs, claw poles, closed die forgings, valve parts, and others.