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Autopart India 2023

Showcases State-of-the-Art Technologies and Innovations

The Indian auto component industry is predicted to become the third largest in the world.

Significant demand for automobiles has led to the emergence of auto components manufacturers in India. India’s auto component industry is an important sector driving macroeconomic growth and employment. The industry comprises players of all sizes, from large corporations to micro entities, spread across clusters throughout the country. The auto components industry accounted for 2.3% of India’s GDP. By 2026, the automobile component sector will contribute 5-7% of India’s GDP.

The industry is a leader in exports and provides jobs to over 3.7 crore people. From FY16-FY22, the industry registered a CAGR of 6.35% and was valued at US$ 56.50 billion in FY22. Due to the high development prospects in all vehicle industry segments, the auto component sector is expected to see double-digit growth in FY22. The industry is expected to stand at US$ 200 billion by FY26.

Market Size

India’s auto components industry’s market share has significantly expanded, led by increasing demand for automobiles by the growing middle class and exports globally. Due to the remarkable growth in demand for Indian auto components, several Indian and international players have entered the industry.

The automobile component industry turnover stood at Rs. 4.20 lakh crore (US$ 56.5 billion) between April 2021-March 2022 the industry had revenue growth of 23% as compared to FY18-19. In FY22, exports of auto components went up 43% to Rs. 1.41 lakh crore (US$ 19 billion). Auto component exports from India are expected to reach US$ 30 billion by 2026. The auto component industry is projected to record US$ 200 billion in revenue by 2026. Strong international demand and resurgence in the local original equipment and aftermarket segments are predicted to help the auto component industry grow 20-23% in FY22.

The Government of India’s Automotive Mission Plan (AMP) 2006-26 has been instrumental in ensuring growth for the sector. The Indian automobile industry is expected to achieve a turnover of US$ 300 billion by 2026 by expanding at a CAGR of 15% from its current revenue of US$ 74 billion.

The rapidly globalising world is creating new opportunities for the transportation industry, especially while shifting towards electric, electronic and hybrid cars, which are deemed more efficient, safe and reliable modes of transportation. Over the next decade, this will lead to newer verticals and opportunities for auto component manufacturers. To help them adjust to the shifting dynamics of the sector, the Indian government has already offered various production incentives. India is also investing heavily in electric car infrastructure.

In December 2020, Power PSU JV EESL announced a plan to install about 500 EV charging stations in the country. The number of charging stations stood at 1,800 in March 2021 and is expected to reach 4 lakh by 2026. This would make it easier for the auto component industry to take advantage of the EV opportunity and expertise in EV components manufacturing, thus helping India on a global scale. This, coupled with the shift in global supply chains, will help the Indian global automotive component trade to expand 4-5% to US$ 80 billion by 2026. Moreover, the Indian auto component industry is predicted to become the third largest in the world.

Exhibitor Profile

Parts and Materials

  • Magnets
  • Housing
  • Winding Wires
  • Coils
  • Brushes
  • Magnetic Steel
  • Sheets
  • Commutators
  • Bearing
  • Shafts
  • Cores
  • Rotors

Materials

  • High-tensile Steel Sheets,
  • Thermoset Resins,
  • High-strength Rolled Steel Sheets, Polycarbonate Resins,
  • Aluminum Alloys, Rubbers/Thermoplastic Elastomer, Magnesium Alloys,
  • Carbon Nanofiber,
  • Titanium Alloys,
  • Ceramics,
  • Carbon Fiber Reinforced Plastics, Lightweight Glass,
  • Thermoplastic Resins

Molding / Processing Technologies, Processing Equipment

  • Press Works
  • Casting/Forging Technologies
  • Injection Molding Equipments
  • Molding Technologies
  • Materials Blending (Die Casting Products)
  • Bonding Technologies
  • Laser-welding Equipment
  • Welding Technologies

Components / Modules

  • Weight-reduced Structural Members using Light-metal
  • Alloy (Body/Chassis Components
  • Powertrain Components Battery/Inverter Cases)
  • Weight-reduced Structural Members using Resin
  • Materials (Exterior Body Panels
  • Exterior Parts
  • Interior Parts
  • Engine Room Components
  • Fuel Components
  • Electric Components

Dissimilar Material Joining Technology

  • Laser Joining
  • Ultrasonic Joining
  • Friction Joining
  • Diffusion Bonding
  • Adhesive Bonding
  • Joining Strength Test
  • Analysis Tool, Design
  • Simulation Tool
  • Other related technology for dissimilar material joining

Other Technologies for Automotive Weight Reduction

  • Design Technologies (Bodywork Structural Design Components Structural Design Chassis Design)
  • Structural Analysis Tools/Simulation Technologies

Processing equipment manufacturers

  • Processing machine
  • Molding machine

ECU Manufacturing & Testing Technology

  • Mounters
  • Dispensers
  • Soldering Machines
  • Rework Machines
  • Resin Molding
  • Laser Cutting Machines

SMT Materials

  • Soldering Materials
  • PCB Materials
  • Adhesives
  • Thermally Conductive Materials

Inspection Equipment

  • Visual Inspection Equipment / AOI
  • Solder Pate Inspection Equipment
  • X-ray Inspection Equipment
  • Testers
  • 3D Measuring Machines
  • Repair System

Contract Manufacturing Services

  • Production Facilities
  • Winding Machines
  • Welding Machines
  • Processing Machines
  • Magnetizers

Heat-Resistant Products

  • Heat Dissipation/Resistance Technologies
  • Cooling Devices

Visitor Profile

  • Automobile Manufacturers
  • Automotive Component Manufacturers
  • Accessories Department
  • Assembly Line Managers
  • Design Teams
  • Engineering Department
  • Machining Centers
  • Material Handling Department
  • Procurement and Maintenance Team
  • Production/Plant Heads
  • Research & Development Team