Besides, subsidiaries of global vehicle manufacturers like Delphi of General Motors have set up components manufacturing facilities in India. This in turn is expected to enable the Indian automotive components industry measure up to strict quality standards and imbibe the latest technology. The competitive edge of the Indian market is its lower labour cost and availability of highly skilled workforce. This report provides an overview of this important sector with huge investment potentialities.

• The Automotive Component Industry's output amounted for the financial year 2005-06 was US$ 10 billion with a growth rate of 15% against financial year 2004-2005.
• 10 billion with a growth rate of 15 % against financial year 2004-2005.
• The industry has been exporting around 18% of its output and growing at the rate of 28%.
• In the year 2005-06, industry has exported US$ 1.8 billion versus US$ 1.4 billion in year 2004-2005.
• Principal export items include replacement parts, tractor parts, motorcycle parts, piston rings, gaskets, engine valves, fuel pump nozzles, fuel injection parts, filter & filter elements, radiators, gears, leaf springs, brake assemblies & bearings, clutch facings, head lamps, auto bulbs & halogen bulbs, spark plugs and body parts.