Auto Component Manufacturers Responding to Increasing Demand

National capital region has gradually developed as a hub for automotive component manufacturers. With more and more automotive companies setting their factories in the region, the market is generating a huge demand for automotive components. There are several trends at play that are driving the demand. The foremost is the constantly shifting market dynamics due to changing manufacturing locales, customer demands, operating models and priorities. Moreover, with the changing needs, OEMs are likely to want different, more agile and rapid component inputs as demand, timelines and processes keep shifting. Capturing the immense potential of these opportunities is conditional-auto component manufacturers would need to embrace change, with company wide dedication.

They must create a significant and deliberate shift in how they think about people, product, channel, resources, etc. They also need to acquire emerging skills, build local teams, and map talent to value. Every group of stakeholders-industry body, the government, OEMs-has a critical role in supporting auto component manufacturers to achieve their full potential. The industry body could help to scale up International Procurement Offices (IPOs), develop skilling curriculums and guidelines, and co-create import substitution strategy among other things. Tremendous opportunities await on the back of India’s expected strong economic progress in the years ahead.

These opportunities are, however, conditional to auto component manufacturers embarking on several changes. Making the most of these opportunities could help auto component manufacturers leap forward to achieve global eminence. With increasing trend of having manufacturing set up closer to where the product is going to be used, numerous automotive component manufacturers are vying to grab their share of the NCR market.

We studied this industry segment in-depth and have come up with the list of Top 10 Automotive Component Manufacturers in NCR who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.

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