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What is Indian Auto Component Industry Growth about?

The Indian auto component industry has a global competitive advantage in cost and quality. It has transformed from a domestic to global supplier, attracting major automakers. The industry grew at 18.7% annually from 2009-2012, reaching $33 billion, driven by domestic demand, subsidies, and economic liberalization. Auto components are classified into engine parts, drive transmission, electrical parts, and others. Demand depends on economic growth, infrastructure, financing availability, and vehicle usage. Th

Author

chompoonoot

Language

EN