Auto spare parts (auto parts) are a multitude of components that make up the full automobile and a product that serves the car.
With increasing competitiveness in the auto parts processing economy, the popular appeal of environmental safety constructs, and the comprehensive and efficient development of advanced, the worldwide auto spare parts computation process shown in the figure has already shown the following development attributes in recent years:
- A growing trend is to support and sell modularly designed equipment for processing vehicle components.
- Processing and sourcing of automobile parts have gone global.
- The auto parts processing industry's data transfer rate is increasing.
The Auto spare parts manufacturing sector turnover amounted to Rs. 1.96 lakh crore (US$ 26.6 billion) between April–September 2021 and is predicted to record a revenue increase of 15-17 percent throughout the fiscal year. Exports of auto parts increased by 76% to Rs 68,746 crore ($9.3 billion) in the first half of FY22.
5 points to consider while choosing one of the best auto spare parts manufacturers in India
A comprehensive search for the best auto parts provider is necessary to ensure that only high-quality replacement parts are purchased. It's critical since there's a huge market for auto components, and you want to be sure you're buying the right ones for your car's high-performance needs.
1- Make sure the items are of high quality.
In the long run, you'll get better quality components from a recognized provider. You may end up with counterfeit vehicle components on the market, though. Because of this, it is critical to be able to tell the difference between genuine and counterfeit components.
2- Check out the costs
First, it's important to know how much each element costs before purchasing it. To avoid overpaying for something that may have been purchased at a lesser cost, use this tool to compare prices.
3- Take into account the accessibility of a provider.
Most essential, a competent dealer will always be on hand with a sufficient supply of car components. Look for a dealer who doesn't make you wait for a long time for the part you need while you're shopping.
4- Investigate aftermarket vehicle parts on the internet
Online research is the greatest way to get an auto spare parts shop near me along with the cheapest price on car components. The days of relying solely on word of mouth are long gone. People now believe internet reviews to be more trustworthy. All of your queries about the parts and even the supplier's reputation may be answered here.
5- Check the certification
Check to see that the source is authorized to sell the precise parts you're looking for before purchasing. You may rest assured that the components you're purchasing are authentic if they include a certificate.
Top 7 automotive spare parts Manufacturers
- Mahindra CIE Automotive Ltd.
- Endurance Technologies Ltd.
- WABCO India Ltd
- Sundaram- Clayton Ltd.
- Bosch GmbH & Co
- Jamna Auto Industries
- Minda Industries Ltd.
1:- Mahindra CIE Automotive Ltd.
Apart from engine parts, the company's product line also comprises steering parts and automotive chassis such as crankshaft, camshaft, connecting rod and knuckle assemblies, leaf spring saddles, spindles, and radius arms as well as other non-automotive items like stabilizer bars and spindles.
The CIE Automotive Group of Spain, which owns Mahindra CIE, is a major participant in the worldwide car component industry. Having them as a multi-technology firm means that they may be a player in sections with high complexity and added value while facing less competition.
To better service your present and future business needs in India and throughout the world, Mahindra CIE firms have access to a broader selection of product technologies and regions.
This company has well-established and accredited operations with standard procedures and experienced management that can work with you to develop value-added components and meet your day-to-day demands successfully.
2:- Endurance Technologies Ltd.
At the top of India's automotive component supply chain is Endurance Technologies. After acquiring Anurang Engineering Firm Private Limited, which started making aluminum castings in Aurangabad, Maharashtra, India, in FY 1986, the company amalgamated with Anurang in 2006.
Auto parts companies in India have evolved naturally through time and have expanded their skills by adding suspension, gearbox, and brake systems to their offerings.
- Total Sales: Rs 7,221 Cr
- Market Cap: 14,762 Cr.
- ROE: 21.25
Aluminum dies casting (with alloy wheels) and suspension, gearbox, and brake systems are all made by Endurance Technologies, which has grown to be India's largest aluminum die casting company.
3:- WABCO India Ltd
Commercial vehicle technologies and auto spare parts near me are offered by this company in India. Commercial vehicle manufacturers in India and around the world look to it as a pioneer in forging new ground and introducing innovative solutions.
WABCO INDIA LIMITED, a 17-year-old private company, was formed on November 18, 2004.
The Registrar of Companies at ROC-CHENNAI lists WABCO INDIA LIMITED as a non-govt business. The paid-up capital of WABCO INDIA LIMITED Company was Rs. 100000000 at the time of registration, while the paid-up capital was Rs. 94837920.
4:- Sundaram- Clayton Ltd.
Axles, wheels, gearboxes, shock absorbers and suspension, radiators, exhaust pipes, and catalyzers are some of the items the firm sells in India's auto components industry.
The company also provides services such as design and engineering, die-casting, machining, and test procedures.
Sundaram Clayton Limited (SCL) is one of India's leading manufacturers and distributors of automotive components established in 1962 (Chennai India). In the automotive and non-automotive industries, SCL is a significant provider of aluminum die castings.
For more than half a century, SCL has been at the forefront of the machining and sub-assembly of machined aluminum castings.
The contribution begins with the early stages of design and continues through the creation and delivery of the final product. They've been working with global OE / Tier 1 suppliers for years.
SCL is well-positioned to meet the industry's future need for light metal castings because of its commitment to TQM, TPM, and Lean manufacturing processes and investments in cutting-edge technology.
5:- Bosch GmbH & Co
India's largest technology and service supplier, Bosch, has a strong presence in the fields of mobility solutions and industrial technology.
India is also home to Bosch's largest research and development center outside Germany. There are now 18 production sites and seven application centers owned and operated by Bosch in India, which was established in 1951.
- Total Sales: Rs 10,377 Cr
- Market Cap: 42,922 Cr
- ROE: 16.72 %
- Sales Growth (3Yrs): 8.11 %
- Promoter holding: 70.54 %
With 18 production locations and seven development and application centers in India, Bosch has put up a manufacturing operation that has evolved into a global powerhouse.
6:- Jamna Auto Industries
Tapered leaf springs and parabolic springs for vehicles are made by Jamna Auto Industries Limited. It should be noted that it is India's largest and also the world's third largest manufacturers. Parabolic springs were originally introduced in India by the company.
It was Mr. Bhupinder Singh Jauhar who campaigned for the establishment of the business. In the year 1954, he began his Tapered Leaf Spring business in Yamuna Nagar in a tiny store, which he expanded into a corporation in 1965. As the company's non-executive chairman and chief mentor, Mr. Jauhar currently serves on the board of directors.
The company is one of the leading auto spare parts dealers, manufacturers, and distributors of air-assisted brakes, anti-lock brakes, and other related goods in the local market.
The company's long-term goal is to be the world's leading provider of automotive suspension systems. TBL's Extradite Spring and Special Steel Technologies will be transferred to the company under a Technology Transfer and Technical Assistance Agreement signed by the company and Tinsley Bridge Limited, UK.
Eight manufacturing plants are strategically placed in Yamuna Nagar, Jamshedpur, Malanpur, Chennai, Pune, Pilliapakkam, Hosure, and Pant Nagar (Under a subsidiary entity).
7:- Minda Industries Ltd.
Original equipment manufacturers rely on the firm as a top Tier 1 supplier of exclusive automotive solutions for their products. It has 52 factories in seven countries and three design centers. Manesar, Haryana, is the headquarters of Minda Industries.
Minda is making its imprint on the global supply chain for automotive parts. This conglomerate's growth from its humble beginnings in 1958 to a current annual group revenue of more than US$ 1140 million speaks loudly.
India's leading vehicle component manufacturers in 2022 were as follows: Whether you are seeking dependable vendors, top manufacturers, distributors, or potential clients in the country, this article can help you connect with sales prospects and decision-makers throughout the world.
FAQs: Automotive spare parts
Q. What is the basic certification of Automotive parts manufacturers in India?
Ans. These are the following certifications you should check in Automotive manufacturers:
- Automotive Industry Standard (AIS)
- Bureau of India Standard (BIS)
- Telecommunication Engineering Center (TEC)
- Wireless Planning and Coordination (WPC)
Q. Where is the Sundaram Clayton Limited automotive parts manufacturer located?
Ans. Venu Srinivasan is the chairman of Sundaram - Clayton Limited (SCL), a Chennai-based TVS Group enterprise. The car industry relies on its aluminum and magnesium castings. Before being supplanted by TVS Motor Firm Limited, SCL was the group's main company.
Q. What is a Tier 1 auto dealer in automotive parts?
Ans. Direct suppliers to original equipment manufacturers (OEMs) are known as Tier 1 suppliers. These suppliers do often operate with a wide range of automakers, but they are generally closely tied to a small number of original equipment manufacturers (OEMs) and maintain a distance from the other OEMs.