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Through various initiatives, Dun & Bradstreet India (D&B India) has been working closely with banks and other institutions in promoting the Indian small and medium enterprise segment. This publication series, Emerging SMEs of India, was conceptualized with a view to strengthen and augment these initiatives. Envisaged with a sector-based focus, this series is the only kind in the country and is a platform for SMEs to showcase their strength. The Auto Component sector has tremendous potential to encourage entrepreneurship, and was therefore selected for profiling in the first publication of the series. The sector has emerged among the fastest growing industries in the Indian economy, with strong potential for global impact. The sector is projected to grow at a rate of 15-20% over the next decade. Further, the production process lends itself to operations that can be divided and tiered, and promises a wide range of opportunities for SMEs, considering the diverse nature of the industry. |
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Emerging Auto Component SMEs of India profiles 370 companies with a turnover of less than Rs 1,000 mn. Of these, 70 companies are not members of any industry associations or trade bodies, thus tapping a range of companies that have remained unrecognised.
The number of small and medium firms profiled is in the proportion of 43:57. Of the 370 companies profiled, 160 companies are small-scale firms with investments of less than Rs 50 mn in plant and machinery, and have a turnover range of Rs 50 mn to Rs 535 mn. The rest of the companies are medium scale and have a maximum turnover of Rs 1,000 mn.
The regional representation of companies in the publication suitably reflects the concentration of the Indian auto component industry. We have covered companies from 17 states and 3 union territories. The list consists of 152 companies from the north, 128 from the west and 78 from the south, the major industrial clusters of auto component manufacturers in the country.
An interesting aspect of this industry segment, as revealed by our research, is that public sector banks are their principal lenders, with few dependent on private sector banks.
The auto component industry is expected to continue its high-growth period for at least another decade, and SMEs will play a pivotal role in this critical growth phase. D&B India is confident that the Emerging Auto Component SMEs of India will provide the right platform to SMEs, enabling them to become globally competitive. Our continuing endeavour will be to forge a stronger partnership between the SME sector and D&B India.
Kaushal Sampat
Director - Business Development
Dun & Bradstreet India