The Indian sector has experienced growth in the motor body manufacturers in India. The motor body components manufacturing sector of India has enlarged by 18.3 percent to attain a degree of US$ 51.2 billion in FY 2017-18.

The motor body manufacturing industry accounts for 2.3 percent of India’s Gross Domestic Product (GDP) and employs as much as 1.5 million people directly. A stable government frame, improved buying power, large national economy, and growing development in infrastructure have made India a favorable destination for investment.

The Indian motor body manufacturers business can be broadly categorized into the organized and unorganized sectors. The organized sector has started to cater to the Original Equipment Manufacturers (OEMs). It is made up of high-value precision tools while the unorganized industry comprises low-valued goods and provides principally to the aftermarket class.

The entire value of India’s motor body components exports dropped in US$ 13.5 billion in 2017-18 compared US$ 10.9 billion at the calendar year 2016-17. It was driven by strong growth in the domestic market and increasing globalization (including exports) of many Indian providers. Growing is further expected to quicken to 8-10 percent in FY19 because of the pickup in the global situation.

As stated by the Automotive Component Manufacturers Association of India (ACMA), the Indian motor body components manufacturing sector is forecast to register a percentage of US$ 100 billion by 2020 endorsed by strong exports ranging from US$ 80- US$ 100 billion by 2026.

The fast globalizing world is opening up newer avenues for the transport industry, mainly while it creates a change towards electric, digital and hybrid cars, that can be deemed more efficient, secure and dependable modes of transport. During the next ten years, this will cause changes and verticals for producers, who’d have to adapt to this shift via development and research.

The Indian sector is set to become the biggest in the world by 2025. Motor body manufacturers in India are well positioned to benefit from the globalization of the business as exports possible could be increased up to US$ 30 billion by 2021.