Over the last few years, India’s auto-parts industry has experienced significant growth. Accounting for 2.3 percent of India’s GDP, this industry employs as many as 1.5 million people. In 2017, the total value of India’s auto-part exports stood at $10.9 billion as compared to $10.8 billion the previous year. India’s total automotive industry has expanded by 14.3 percent since 2016, due to an uptick in aftermarket sales, reaching a level of $43.55 billion. Thanks to increased exports to emerging nations, stronger worldwide growth, and owing to the high development prospects in all segments of the vehicle industry, the auto component sector is also expected to rise by double digits in FY22 and is expected to reach $200 billion by FY26. One of the leading automotive machined components and assemblies supplier, MT Autocraft is one of India’s largest manufacturer of transmission Shifting Shafts, Shifter Forks, Shift Tower and other machined components for Automotive and Farm industry. Renowned for its state of the art equipment, technology and extremely skilled team dedicated towards delivering quality, MT Autocraft thrives on Innovative automation and Kaizens which makes it one of the most competitive suppliers in the industry.
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