The Indian automobile component market has been growing rapidly over the past few years. The companies like Jamna Auto Industries, Rane Holdings Ltd, Sundaram Clayton Ltd are the top 3 companies who have a projected value of more than USD 11 billion by the end of this year, the market is expected to rise sharply. With a lot of major players existing in the Indian market, here is a list of top 10 auto parts manufacturers in India.
1. Jamna Auto Industries:
Founded in 1954, it is headquartered in Delhi and is also the largest Indian auto parts manufacturer for automotive suspension springs. With production units in more than five Indian cities, its products are exported to 25 different countries.
2. Rane Holdings Ltd:
Passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two-wheelers, three-wheelers, multi utility vehicles, and farm tractor Its product portfolio includes steering gear products, suspension and steering linkage products, die casting products, engine valve, valve guides and tappets, brake linings, disc pads, clutch facings, hydraulic power steering gear, hydraulic pumps, seat belts, and airbags are the categories that the company manufactures components for. The availability of this wide range makes it one of the top-most component manufacturers in India.
3. Sundaram Clayton Ltd:
One of the most recognized names in the Indian auto parts market, Sundaram-Clayton Ltd offers brakes, axles, road wheels, gearboxes, suspension shock absorbers, radiators, exhaust pipes, catalyzers, clutches, steering wheels and columns, and steering boxes. Moreover, Sundaram Clayton Ltd offers design and engineering, inspection and testing services, along with die-casting and machining.
4. Minda Industries Ltd:
A leading Tier 1 supplier of proprietary automotive solutions to OEMs, it has 52 manufacturing plants in 7 countries. Minda also has design centres in three countries and is headquartered in Manesar, Haryana.
5. Usha International Ltd:
The company manufactures home appliances, sewing machines, fans, power products, water coolers and dispensers, and farm equipment along with auto components. Headquartered in Gurgaon, India, it was founded in the year 1934.
6. Automotive Axles Ltd:
Automotive axles and rear drive axle assemblies are the components the company manufactures. Air brakes and trailer axles are other products that are manufactured.
7. Menon Bearings Ltd:
A major producer of Indian auto parts, Menon Bearings is India’s leading engine bearings manufacturer. Its products find their use in automotive engines, generators, compressors, stationary engines, marine engines, and earth movers and tillers.
8. Munjal Showa Ltd:
One of India’s largest suppliers of shock absorbers, the company serves clients in many countries. In collaboration with Japan-based Showa Corporation, Munjal Showa Ltd was established in 1985.
9.Mahindra CIE Automotive Ltd:
The company manufactures engine components; steering components and automotive chassis such as crankshafts, camshafts, connecting rods and other components.
10. India Nippon Electricals Ltd:
A manufacturer of electronic ignition systems for two wheelers, three wheelers and portable engines, India Nippon was established in 1986. It was later converted into a joint venture between Lucas Indian Service Limited and MAHLE Electric Drives Japan Corporation.