Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 7 pages
Data source: Published sources
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https://casecent.re/p/19511
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Abstract
Contrary to popular perception that liberalisation stifles the growth of domestic manufacturers, the Indian auto components industry has evolved to compete with global companies. During this process of evolution, the industry produced some of the world-class component manufacturers like Sundaram Fasteners and Bharat Forge Ltd. Not just domestic manufacturers, even global giants like Delphi and Visteon have set up their manufacturing bases in India. But the industry had its own challenges in terms of meeting quality norms, sound logistics and the like. These problems were further coupled by the fewer number of tier 1 suppliers. Analysts attributed the problems to the nascent state of the industry.
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Abstract
Contrary to popular perception that liberalisation stifles the growth of domestic manufacturers, the Indian auto components industry has evolved to compete with global companies. During this process of evolution, the industry produced some of the world-class component manufacturers like Sundaram Fasteners and Bharat Forge Ltd. Not just domestic manufacturers, even global giants like Delphi and Visteon have set up their manufacturing bases in India. But the industry had its own challenges in terms of meeting quality norms, sound logistics and the like. These problems were further coupled by the fewer number of tier 1 suppliers. Analysts attributed the problems to the nascent state of the industry.