Auto Component / Ancillary Market in India 2015 - 2020

Indian Auto component industry is expected to grow at a CAGR of 15% by 2020 due to increasing demand in domestic as well as foreign markets. About 72% of the auto component industry in India is organized. NOVONOUS estimates that the organized auto component industry in India is expected to grow at a CAGR of 12.5% by 2020. This sector supplies mainly to the OEMs.