Auto Component

Clusterkraft has undertaken projects in auto component industries in Chennai, Noida, Faridabad and several parts of India, under their cluster development approach. The Indian auto component industry is one of India's rising industries with tremendous growth prospects. Auto component SMEs are among the fastest growing companies in India. They are key contributors to the total production of auto components with a significant share in the exports of the industry. As part of a highly fragmented industry, these companies mostly are part of the unorganized sector.

As per the report of Automotive Component Manufacturers Association of India (ACMA) the turnover of the auto component industry was estimated at over US$ 19.1 billion in 2008-09. The industry's turnover is likely to touch US$ 40 billion by 2015-16. The potential compounded annual growth rate (CAGR) of the auto component industry is estimated to be 11 per cent in the period 2008-15. Exports from the auto component industry is estimated to be worth US$ 3.8 billion in 2008-09, recording a rise of 8 per cent over the previous fiscal, according to an ACMA report. Which shows the high prospect of growth in the auto component industry.

Clusterkraft has been providing BDS services to the industry which has benefitted them in their quality and quantity enhancement.