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Indian Auto Component Industry

Performance Review- FY 18
Indian Auto Component Industry: 2017-18

Turnover • Rs. 3,45,635 crore/USD 51.2 billion

Contribution to GDP • 2.3%

Foreign Exchange Earnings/


• Rs. 90,571 crore/USD 13.5 billion
Exports

Share in India’s Exports • 4%

Domestic Aftermarket • Rs 61,601 crore/USD 9.2 billion

Employment • Direct: 1.5 million, Indirect:1.5 million


Turnover – Auto Component Industry: 2017-18

CAGR: 10%
400000 20.0%
345635 (51.2)
Turnover in INR’ Crore (USD)

18.3%
300000 292184 (43.5)
(39.0)
255635 14.3% 10.0%
234869
216094 (39.7) (38.5) 8.8%
211765(35.1)

Growth Rate
11.1%
200000 5.6%

0.0%
100000 -2.0%

0 -10.0%
2012-13 2013-14 2014-15 2015-16 2016-17 2017-18

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


Product Range – Auto Component Industry

Consumables & Misc. Cooling System


(incl. miscl. rubber items) 3%
5%
Interiors (non-electronic)
12%
Engine Components
26%
Electricals & Electronics
10%
Suspension & Braking
14%
Body / Chassis / BiW
17% Drive Transmission &
Steering
13%

The Industry is capable of producing High Quality – Low Cost


Components in all product segments.
Auto Components Supply to OEMs

Tractors 3Wh Construction - EME


6% 3% 2%

LCV
13% PV
43%
M & HCVs
10%
2Wh
23%

PV Passenger Cars, Utility Vehicles, Vans


2Wh Scooters, Motorcycles, Mopeds
OEMs consumption includes locally LCV All Commercial Vehicles < 7.5 T
produced Components and Imports
M & HCVs All Commercial Vehicles > 7.5 T
3Wh Goods and Passenger 3 wheelers
Tractors Tractors
EME Earth Moving Equipment
Exports – Auto Component Industry: 2017-18
Exports in INR’ Crore (USD Billion)

CAGR-11%
100000 90571 (13.5) 30.0%

80000 23.3% 73128 (10.9) 25.0%


68522 (11.2) 70916 (10.9) 23.9%
62090 (10.3)

Growth Rate
20.0%
60000 52690 (9.7) 17.8%
15.0%
40000 10.4% 10.0%
20000 3.5% 5.0%
3.1%
0 0.0%
2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018
Africa Lat AM
5% 6%
CIS Export Destinations: Top 10 Countries in %
2%
Europe
USA 23% Brazil 4%
34%
Germany 7% Thailand 3%
Asia
25% Turkey 5% France 3%
North
America UK 5% Bangladesh 3%
28%
Italy 4% Mexico 3%
Region & Country-wise Exports: 2017- 18

6000 22% 80%


4660 31%
16% 60% 60%
3830
(USD Million)

4000 3700 3420

Growth Rate
2830 2940
40%
3%
2000 50%
770 670 690 20%
480 210
140
0 0%
Europe North America Asia Lat Am Africa CIS
FY 2017 FY 2018 Growth Rate

4000 32% 100%


3155
(USD Million)

3000 79% 80%


2390

Growth Rate
21% 60%
2000 32% 37%
5% 18% 32% 40% 40%
1000 768 933 656 689 555 655 18%
433 570 278
498 358 471 323 442 280 392 299 352 20%
0 0%
USA Germany Turkey UK Italy Brazil Thailand France Bangladesh Mexico
2017 2018 Growth Rate
Segmentation by product type: Exports 2017-18

Interiors ( Non- Consumables & Rubbers


Electronics) Misc. Components
Cooling Systems
4% 4% 2%
1% Exports Segment-wise
Electricals &
Electronics
Drive Transmission
8%
& Steering
34%
Suspension &
Braking
11% Body/Chassis/
BiW Engine
16% Components
20%

Product category-wise contribution to


exports (FY18 vs. FY17)
6000 40%
4580 33% 32%

Growth Rate
31%
(USD Million)

3740 30%
4000
22% 2650 2090 17% 19% 20%
1990 1790 14%
2000 17% 11101470 990 1130
450 590 470 550 6% 10%
210 250 160 170
0 0%
Drive Engine Body/Chassis/ Suspension & Electricals & Interiors ( Non- Consumables & Rubbers Cooling Systems
Transmission & Components BiW Braking Electronics Electronics) Misc. Components
Steering
FY 17 FY 18 Growth Rate
Imports – Auto Component Industry: 2017-18
Imports in INR’ Crore (USD Billion)

120000 CAGR-7% 20.0%


106672 (15.9)

Growth Rate in INR


100000 90662 (13.8) 90571(13.5) 17.8%
82931 (13.5) 15.0%
74463 (13.7) 77160 (12.8)
80000
9.3% 10.0%
60000 11.6%
7.5%
5.0%
40000 3.6%
-0.1%
20000 0.0%

0 -5.0%
2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

Africa Lat AM
1% 1% Origin of Imports: Top 10 Countries in %
Europe China 27% Thailand 6%
30%
Germany 14% Italy 3%
Asia Japan 11% UK 2%
60%
S Korea 10% Czech 2%
North
America Republic
8% USA 7% France 2%
Region & Country-wise Imports: 2017- 18

10000 15% 9530 120%


8260
(USD Million )

8000 21%

Growth Rate
100%
80%
6000 4750 67%
3910
4000
33% 40%
2000 990 1320
150 17013% 60 100 20 40
0 0%
Asia Europe North America Africa Lat AM CIS
FY 2017 FY 2018 Growth Rate

6000 40%
20% 38%
4303
(USD Million)

3599 29%
4000 26%

Growth Rate
13% 24%
2202 20%
1759 18%
2000 1746 1555 1516 1607 13% 8%
8901152 912 1035
6% 391 538 330 390 221 275 239 257
0 0%
China Germany Japan S. Korea USA Thailand Italy UK Czech France
Republic
2017 2018 Growth Rate
Imports: Segmentation by product category

Consumables & Misc. Cooling Systems Rubbers


7% 4% Components
Drive Imports Segment-wise
Interiors ( Non- 2%
Transmission &
Electronics)
Steering
7%
31%
Electricals &
Electronics
9% Engine
Body/Chassis/
Suspension & Components
BiW
Braking 17%
14%
Product-type-wise contribution to Imports 9%
(FY18 vs. FY17)

6000 30%
4920
26%
4050 22%
4000 21% 22% 20% 20%
20%

Growth Rate
2760 18%
(USD Million)

2270 20202220
2000 10% 11701430 11601390 860 1080 890 1050 7%
10%
680 730
300 360
0 0%
Drive Engine Electricals & Suspension & Body/Chassis/BiW Consumables & Interiors ( non Cooling Systems Rubber
Transmission & Components Electronics Braking Misc. electronics) Components
Steering

FY 17 FY 18 Growth Rate
Indian Automotive Aftermarket: 2017-18

80000 30.0%

25.6%
In INR’ Crore (USD Billion)

61601(9.2) 25.0%
60000 56096
(8.4)
20.0%
44660 (6.8)

Growth Rate
(6.5)
39875
40000 35603 (5.9) 15.0%
31788 (5.8)
12.0%
12.0% 12.0% 10.0%
9.8%
20000 7.4%
5.0%

0 0.0%
2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Aftermarket Revenue: Segmentation by product category

Tractors, 10%

2 Wheeler,
20% 3 Wheeler,
CV, 29% 2%
Rubber Electronic Engine
Components, Components, Components,
3% 3% 18%
PV, 35%
Consumables
& Misc, 14%
Suspension &
Electricals, 18% Braking , 15%
LCV, 4% Drive
Transmission
and Steering,
Aftermarket Segment-wise 21%

Cooling
Systems, 8%

Aftermarket Product-wise
Summary: Performance of Indian Auto Component Industry for 2017-18

Figures in INR
2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

Turnover 216,094 211,765 234,869 255,635 292,184 345,635

Growth% 5.6% -2.0% 11.1% 8.8% 14.3% 18.3%

Exports 52,690 61,487 68,522 70916 73,128 90,571

Growth% 23.3% 16.7% 11.4% 3.5% 3.1% 23.9%

Imports 74,463 77,160 82,931 90,662 90,571 106,672

Growth% 11.6% 3.6% 7.5% 9.3% -0.1% 17.8%

Aftermarket 31,788 35,603 39,875 44,660 56,096 61,601

Growth% 7.4% 12.0% 12.0% 12.0% 25.6% 9.8


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Summary: Performance of Indian Auto Component Industry for 2017-18

Figures in USD Billion


2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

Turnover 39.7 35.1 38.50 39.00 43.55 51.2

Growth% -5.9% -11.5% 9.6% 1.3% 11.7% 18.3%

Exports 9.7 10.2 11.22 10.81 10.90 13.5

Growth% 9.9% 5.4% 10.0% -3.7% 0.8% 24%

Imports 13.7 12.8 13.58 13.82 13.50 15.9

Growth% -0.6% -6.4% 6.1% 1.8% -2.3% 17.8%

Aftermarket 5.8 5.9 6.5 6.8 8.4 9.2

Growth% -4.3% 1.1% 10.7% 4.0% 23.5% 9.5%


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