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Q.

Are better days ahead for auto component industry in India? Why?

Asked by Good Citizen, 05 Jan '10 11:41 am
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Answers (2)

 
1.

They have been in good business since the year Maruti Udyog came into production and after that with entry of lots of international auto-giants into indian car manufacturing arena, it started doing still better and now with proposals and launch of new vehicles almost every month, it is doing excellantly. On the whole auto component industry is a very lucrative business proposition in india nd it will always do good progress.
Answered by Vishwanath V, 05 Jan '10 11:49 am

 
  
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2.

Presently auto sector is on a upward drive. All the major companies have announced expansion, introduction of new models, capacity expansion and modernisation of existing facilities. With a burgeoning population, more people with the amount to spare and the aspiration to own a vehicle, there are good times ahead for this sector.

Most of the auto companies does a lot of outsourcing of their parts which are component of the vehicle and thereafter, the spare parts. Thus such an expansion would be a great boost for the auto component industry, and profitable too because there are huge margins in this sector, which adds to a healthy bottomline.
Answered by Omega, 05 Jan '10 09:32 pm

 
  
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