Automotive industry in India is thriving with global players looking to grab a share of the market. The intent is not only to meet the local demand but to set up manufacturing facilities through which they could supply to the whole APAC region. Increasing shift towards electric vehicles has further expedited the process by making the manufacturers overhaul their offerings portfolio. India produces more than 10 million vehicles annually and is positioned in the top seven automobile producing nations. Nearly every major OEM has set up operations in India, and thousands of local firms have sprouted up to serve the industry. Tamil Nadu is one of India’s leading manufacturing states, and is home to one of the top auto clusters in the nation. The government of Tamil Nadu is expecting its strengths in the auto and auto component industry to attract major investments in the sector. The state claims that Chennai is the largest contributor to the automobile sector in the country in terms of industrial output and is one among the top 10 global auto hubs.
When it comes to auto components, Tamil Nadu has the largest industry base which accounts for more than 30 per cent of India’s auto components production. With time, the industry has developed the capability of manufacturing all the components required for manufacturing vehicles, which is evident from the high levels of indigenization achieved in the vehicle industry as well as the components developed. To meet the demand for components, players in this segment are gearing themselves up for the change.
Having studied this market segment in-depth, we have come up with the list of Top 10 Automotive Component Manufacturers in Tamil Nadu who have excelled in this field with their innovative approach. Having proven their dedication to quality and delivery in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.
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