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The Indian Auto Component Industry:

Performance Review 2016-17

Media Briefing
31st August 2017
Indian Auto Component Industry: 2016-2017

Turnover Rs. 29,2184 crore/USD 43.5 billion

Contribution to GDP 2.3%

Foreign Exchange Earnings/


Rs. 73,128 crore/USD 10.90 billion
Exports

Share in Indias Exports 4%

Domestic Aftermarket Rs 56,096 crore/USD 8.4 billion

Employment Direct: 1.50 million, Indirect:1.5 million


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Turnover - Auto Component Industry: 2016-17

CAGR: 7%

3500 14.3% 16%


(43.5) 14%
3000 2922
Turnover in INR 00 Crore

Growth Rate in Rupee Terms


11.1% 2556 (39) 12%
8.7%
2500 2349 (38.5) 10%
2161 (39.7) 2118 (35.1)
(USD Billion)

2047 (42.2) 8.8%


2000 8%
5.6% 6%
1500 4%
1000 2%
0%
500
-2.0% -2%
0 -4%
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

(Turnover includes supplies to OEMs, aftermarket sales and exports)

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Auto Components Supply to OEMs

PV Passenger Cars, Utility


Vehicles, Vans
2Wh Scooters, Motorcycles, Mopeds
LCV All Commercial Vehicles < 7.5 T
M& All Commercial Vehicles > 7.5 T
HCVs
3Wh Goods and Passenger 3
wheelers
Tracto Tractors
rs

EME Earth Moving Equipment

OEMs consumption includes locally produced Components and Imports 4


Passenger Vehicles Production

CAGR 2011-15: 2%
(000 units)

4,000 3,792
3,465
3,500 3,234 3,221
2,987 3,087
3,000

2,500

2,000

1,500

1,000

500

-
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Source: SIAM Figures for financial year April to March


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Other Vehicles Production
Commercial Vehicles Tractors ( 000 units)
1,000 929 ( 000 units)
800
708
900 833 810 700 640 667
787 613
800 699 698 579 571
600
700
600 500
500 400
400 300
300 200
200
100
100
- -
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
Commercial Vehicles include:
Small Commercial Vehicles (SCV) < 1 ton Medium Commercial Vehicles (MCV) > 7.5 tons but <16 tons
Light Commercial Vehicles (LCV) > 1 ton but < 7.5 tons Heavy Commercial Vehicles (HCV) > 16 tons ** 2015-16 Figures Awaited
(In 000 units)

Two & Three Wheelers Construction Vehicles*


90
25,000 CAGR 2011-15: -2.6%
( 000 units)
19,764 20,712 69.2
19,438
20,000 17,713 70 62.3
16,307 16,584
56
50.5 52
15,000
50
10,000
30
5,000

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2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2010-11 2011-12 2012-13 2013-14 2014-15
Source: SIAM
* E&Y Estimates
Figures for financial year April to March ** 2015-16 Figures Awaited
Exports - Auto Component Industry: 2016-17

CAGR: 11%

Growth Rate in Rupee Terms


800 709 (10.8) 731 (10.9) 50%
685 (11.2)
Exports in INR 00 Crore

40.7% 615(10.2)
600 527 (9.7)
40%
(USD Billion)

427 (8.8) 30%


400 23.3%
20%
16.7%
200 11.4% 10%
3.5% 3.1%
0 0%
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Origin of Exports: Top 10 Countries in %


USA 22% Thailand 3.3%

Germany 7.0% France 3.0%

Turkey 6.2% UAE 2.8%

UK 5.1% Mexico 2.8%

Italy 4.1% Brazil 2.6


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Exports by Region

Indias Export Growth Rate: 5.3%


Auto Components Export Growth Rate: 1%

3%

3.75 3.85
5% -4%
Figures in USD Billion

2.81 2.94 2.96 2.84

-6%
0.4%
0.70 0.66 6%
0.48 0.48
0.13 0.14

Africa Asia CIS & Baltics Europe LAT Am N Am


2015-2016 2016-2017

Growth Rate in USD

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Exports: Top 10 countries

-6%

2552
2397
Figures in USD Million

2% -0.3%
-6%
754768 673671
6.6%
-12%
4% -0.5% -1.6%
588555 7%
417445 344359 341 300
324324 281300 283279

USA Germany Turkey UK Italy Thailand France UAE Mexico Brazil


2015-2016 2016-2017

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Key Auto Components Exported

Hydraulic Power Steering Systems &


Steering Gear Systems and Parts
Gear boxes and parts
Parts of Diesel Engines
Parts for automobiles and earth moving
Exports

Equipment
Drive-axles and parts
Spark Ignition and parts
Suspension systems and parts
Crank shaft for engines
Toothed wheels, other transmission parts
Brakes and servo-brakes; parts
(Illustrative list/ Products in random order)
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Imports - Auto Component Industry: 2016-17

CAGR: 6%

Growth Rate in Rupee Terms


1000 906 (13.8) 905 (13.5) 40%
Imports in INR 00 Crore

34.3% 771 (12.8) 829 (13.5)


800 744 (13.7) 30%
667(13.8)
(USD Billion)

600 20%
400 11.6% 7.5% 9.3% 10%
3.6%
200 -0.1% 0%
0 -10%
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Origin of Imports: Top 10 Countries in %


China 26.4 USA 6.7
Germany 13.0 Italy 3.0
Japan 11.7 UK 2.5
S Korea 11.4 France 1.8
Czech
Thailand 6.9 1.6
Republic
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Imports by Region

Indias Import Growth Rate: - 0.8%


Auto Components Import Growth Rate: -2.3%

2%

8.11 8.31
Figures in USD Billion

-7%

4.25
3.94

-15%

-12% 27% -16% 1.19 1.01


0.17 0.15 0.02 0.02 0.08 0.06

Africa Asia CIS & Baltics Europe Lat AM N AM


2015-2016 2015-2017

Growth Rate in USD


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Imports: Top 10 countries

12%
3568
3199
Figures in USD Million

-11%
7% -0.4%
1976
1751
1576 1552 1546
1472 -16%
-14%
1116 1055
938 909 -15%
-7.2% 6% 25%
475 404 357 331
226 241 175 220

China Germany Japan South Thailand USA Italy UK France Czech


Korea Republic
2015-2016 2016-17

Growth Rate in USD


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Automotive Mission Plan 2026:
Aspirations for the Auto Component Industry

Direct Incremental
Domestic employment ~ 3.2
Aftermarket ~ million
USD 32 billion

Export ~
USD 80
billion

Turnover ~
USD 200
billion

Additional USD 25 - 30 billion investment need to realize AMP Goals 14


Challenges

High Cost of Capital

Capacity Utilization Roads


Challenges

Infrastructure Challenges & Cost Ports

Imports - higher than exports Power

Combating Counterfeit Parts

Skilled Manpower

Building R&D Competence & Ecosystem

Changes in regulatory environment


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Summary
Figures in INR 00 Crs

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017

Turnover 204670 216094 211765 234869 255635 292184


Growth% 8.7% 5.6% -2.0% 11.1% 8.8% 14.3%
Exports 42729 52690 61487 68522 70916 73128
Growth% 40.7% 23.3% 16.7% 11.4% 3.5% 3.1%
Imports 66736 74463 77160 82931 90662 90571
Growth% 34.3% 11.6% 3.6% 7.5% 9.3% -0.1%
Aftermarket 29585 31788 35603 39875 44660 56096
Growth% 20.1% 7.4% 12.0% 12.0% 12.0% 25.6%

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Summary
Figures in USD Billion

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017

Turnover 42.2 39.7 35.1 38.50 39.00 43.55


Growth% 2.2% -5.9% -11.5% 9.6% 1.3% 11.7%
Exports 8.8 9.7 10.2 11.22 10.81 10.90
Growth% 32.3% 9.9% 5.4% 10.0% -3.7% 0.8%
Imports 13.8 13.7 12.8 13.58 13.82 13.50
Growth% 26.2% -0.6% -6.4% 6.1% 1.8% -2.3%
Aftermarket 6.1 5.8 5.9 6.5 6.8 8.4
Growth% 13.0% -4.3% 1.1% 10.7% 4.0% 23.5%

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Thank You

ACMA
The Capital Court, 6th Floor, Olof Palme Marg, Munirka, New Delhi 110 067
Tel: 011-26160315, Fax: 011-26160317
E-mail: acma@acma.in, Website: www.acma.in
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