Driving Automotive Excellence Forward

The auto components making cluster in Haryana is leading a huge growth now, which proves the state’s importance within India's automotive industry. Haryana is now, a fast growing auto components manufacturing hub, drawing investments both, from the domestic as well as, international players. The factors mentioned below are the key features of the continuing growth of this market in Haryana. One of the main factors making the growth of the industry possible is the strategic location of the state which borders the major automotive centers such as Delhi-NCR (National Capital Region). This geographical benefit, however, contributes to the convenience of market access as well as the problem-free flow of the supply chain. Government initiatives and policies devised for industrial development have been the key drivers in shaping up a business-facilitating environment in the state of Haryana.

The government has achieved this by rewarding investors in the auto components sector with incentives, subsidies, and made the approval processes-simple. As a result of this, there has been a surge of manufacturing plants being set up and the growth of the existing ones. Automotive companies and Original Equipment Manufacturers (OEMs) have also helped in market growth, as a result. Many of them link ecosystems by involving local suppliers, creating a network of suppliers for different parts. This collaborative way is not only useful to OEMs but the SMEs are also benefited from such a region. Financial support, research and development, as well as increased adoption of new manufacturing processes, are the main reasons of the auto components sector in Haryana state. This consequently leads to better quality and speed in which parts are produced, making them relevant to the evolving requirements in the car industry.

In this issue, we acquaint you with the top companies from this field. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top companies that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd.

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