Solid Growth at Indian Auto Suppliers

Insights

Exclusive insight into the flourishing Indian supplier market

The Indian supplier industry has been growing at a promising pace of 14.33% (CAGR) during the last decade, and the industry has grown at an even faster CAGR of 17.36% during the last five years. The total output of the automotive components sector was US$8.7bn in the financial year 2005 of which exports accounted for US$1.4bn. The contribution of exports to the output has increased significantly in the last four years. Exports at US$578m or 12.93% of the output in FY 2002 improved to US$1.4bn or 16.1% of output in FY2005.

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