Auto Part Industries

Auto Parts Industry is an important ancillary industry serving the OEM and the open market segments. Lucky Enterprises is a renowned auto component manufacturer and supplier in India and abroad. Auto component manufacturers and suppliers are classified in accordance to the product category. The product categories include: aluminum die casts, precision components, heat exchangers, control cables, bushes, clutch components, engine valves, fasteners, molds and dies, cylinder liners, sheet metal parts, sub-assemblies, and rubber parts. Lucky Enterprises manufactured automobile parts include sheet metal components like rings, neck rings, and connectors, nuts and bolts, reducers, adaptors, and flanges. Indian Automobile Industry The automobile industry in India currently worth US $ 35 billion is projected to grow to US $ 145 billion by 2016. In the same time exports are estimated to grow to US $ 35 billion from US $ 4.1 billion presently. Employment in the automotive sector is expected to increase by 25 million. Auto industry's contribution to the Indian GDP (gross domestic product) is estimated to be between 30% - 35%, an improvement of 20-25% as of now. The factors contributing to the growth of the automobile industry in India are:

India's massive geographic extension Road developments like construction of the Golden Quadrilateral, the North-South, and East-West Corridors, Higher disposable income in services sector employments Availability of easier finance schemes Higher GDP growth

Indian Auto Component Industry In India the auto component industry is growing at an encouraging rate in tandem with the growth of the automobile industry. The turnover has increased from US $ 8700 million in 200405 to US $12,000 million in 2005-06. Exports during the corresponding period increased from US $ 1400 million to US $ 2100 million, and imports from US $ 1450 million to US $ 1900 million. The investment in this auto parts industry has risen from US $ 3750 million in 2004-05 to US $ 4400 in 2005-06. Industries in this segment have become quality conscious, so as to produce materials conforming to international standards. 524 companies are ISO 9001 certified, followed by 342 acquiring TS16949 certification, 154 are ISO 14001 certified, 81 are having QS 9000 certification, while 47 companies are OHSAS 18001 certified.