By now you are already familiar with an Automobile. Automobiles are made up of several
components, assemblies and systems. The growing auto industry has given rise to a growing auto
component industry also. India has emerged as global outsourcing hub for manufacturing of
various automobile components. All major Companies like Toyota, Hyundai, Ford, Volvo, Renault
and Daimler Chrysler and others are now sourcing their automotive components from Indian
manufacturers.
The auto components industry is predominantly divided into five segments:
Engine parts
Drive Transmission & Steering Parts
Suspension & Brake Parts
Electrical Parts
Body and chassis