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ACMA Press Conference -Indian Auto Component Industry
Performance Review- FY 19
24th July 2019
Press Conference: August 19, 2020
Auto Components Industry Performance Review: 2019-20
8.0
15.4
2018-19 2019-20
24.340.5
2009-10 2019-20
30.8
49.2
2009-10 2019-20
4.2
14.5
2018-19 2019-20
4.3
9.8
2018-19 2019-20
Indian Auto Component industry – A key driver of Indian economy
5%
Sales to OEMS
Imports
Exports
Dom. After-market
15%
10%
8%
6%
Industry Revenue (USD Billion)
• Accounts for 2.3% of National GDP; 25% of manufacturing GDP
• 4% of exports
• Creates 50 lakh jobs
• Cost competitive; globally renowned for frugal engineering
• ~25% of exported; North America & Europe account for 60% ofExports
• India Share’s in Global demand increased from 0.6% to 1.3% inlast 10 years
CAGR
2
(Turnover includes supplies to OEMs, aftermarket sales and exports)
Turn
ove
r in
INR
’ Cro
re (
USD
Bill
ion
)
234869 (38.50)255635 (39.00)
292184 (43.55)
345635 (51.20)
395902 (57.10)
349637 (49.27)
2014-15 2015-16 2016-17 2017-18 2018-2019 2019-2020
CAGR: 8%
11.1%8.8%
14.3%
18%
14.5% -11.7%
Auto Components Industry Performance: 2019-20
Growth
3
Industry produces high quality, price competitive Components
Product Range and Auto Components Supply to OEMs
*OEMs consumption includes locally produced Components and Imports
PV Passenger Cars, Utility Vehicles, Vans
2Wh Scooters, Motorcycles, Mopeds
LCV All Commercial Vehicles < 7.5 T
M & HCVs All Commercial Vehicles > 7.5 T
3Wh Goods and Passenger 3 wheelers
Tractors Tractors
EME Earth Moving Equipment
PV, 45.3%
2 Wheelers, 19.6%
LCV, 11.8%
M & HCV, 12.4%
Tractors, 6.5%
3 Wheelers, 3.3% EME, 1.2%
Engine Components, 26.1%
Suspension & Braking, 15.6%
Body / Chassis / BiW, 14.1%
Drive Transmission & Steering, 13.2%
Electricals & Electronics,
12.4%
Interiors (non-electronic), 10.8%
Consumables & Misc., 6.4%
Cooling System, 0.9% Rubber Components, 0.8%
4
68522 (11.22) 70916 (10.90) 73128 (10.90)
90571 (13.50)
106048 (15.20) 102623 (14.50)
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
USA 26% Brazil 4%
Germany 7% Italy 3%
Turkey 4% Bangladesh 3%
Thailand 4% Mexico 3%
UK 4% UAE 3%
Export Destinations: Top 10 Countries in %
Exp
ort
s in
INR
’ Cro
re (
USD
Bill
ion
)
Exports – Auto Component Industry: 2019-20
CAGR: 8%
10.4%3.5% 3.1%
23.9%17.1%
61%
Growth rate in INR
North America30%
Europe30%
Asia27%
Latin America
6%
Africa6%
CIS & Baltics1%
-3.2%
5
Segmentation by Product type: Exports
Figu
res
in U
SD B
illio
n
➢ Engine, Transmission and Steering parts continue to account for more than half of all components ( 52%) exports from India.
➢ Electricals & Electronics registered 22% growth
Drive Transmission & Steering
33%
Engine Components19%Body/Chassis/BiW
13%
Suspension & Braking11%
Electricals & Electronics
11%
Interiors ( Non-electronic)
6%
Consumables & Misc.
4%
Rubber Components
2%
Cooling System1%
5.17
2.96
2.151.72
1.38
0.73 0.640.25 0.16
4.78
2.74
1.931.53 1.68
0.8 0.600.22 0.20
-8% -7%-10% -11%
22%
10%
-6%
-12%
25%
-20%
-10%
0%
10%
20%
30%
0
2
4
6
Drive Transmission& Steering
EngineComponents
Body/Chassis/BiW Suspension &Braking
Electricals &Electronics
Interiors ( Non-electronic)
Consumables &Misc.
RubberComponents
Cooling System
2018-19 2019-20 Growth Rate
6
Region wise and country wise exports
Figu
res
in U
SD M
illio
nFi
gure
s in
USD
Bill
ion
➢ Europe accounting for 30% of exports, saw a decline of 11%
➢ North America and Asia, accounting for 30% and 27% respectively registered marginal decline.
➢ Only Brazil registered a marginal growth amongst top 10 countries
4.894.36
4.00
0.84 0.830.23
4.36 4.34
3.86
0.83 0.86
0.18
-10.8%
-0.5%-3.5%
-1.2%
3.6%
-21.7%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
0
1
2
3
4
5
Europe North America Asia Latin America Africa CIS & Baltics
2018-19 2019-20 Growth Rate
3719
1109
570 584 679 518 582 484 439 482
3713
1028
549 573 567 535 472 471 437 406
-0.2%
-7.3%
-3.7%-1.9%
-16.5%
3.3%
-18.9%
-2.7%-0.5%
-15.8%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
0
1000
2000
3000
4000
USA Germany Turkey Thailand UK Brazil Italy Bangladesh Mexico UAE
2018-19 2019-20 Growth Rate
82931 (13.58) 90662 (13.82), 90571 (13.50)106672 (15.90)
123688 (17.70)109601 (15.40)
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
China 26% Thailand 5%
South Korea 14% Singapore 5%
Germany 11% Italy 3%
Japan 9% UK 3%
USA 7% Belgium 3%
Origin of Imports: Top 10 Countries in %
Imp
ort
s in
INR
’ Cro
re (
USD
Bill
ion
)
Imports – Auto Component Industry: 2019-20
-11.4%
7.5%9.3% -0.1%
17.8%14.4%
CAGR:6%
85%
Growth rate in INR
Asia65%
Europe 26%
North America8%
Latin America1%
Africa0%
CIS & Baltics0%
8
Segmentation by Product type: Imports
Figu
res
in U
SD B
illio
n
5.29
3.002.41
1.741.31 1.57
1.140.83
0.39
4.58
2.592.26
1.47 1.21 1.18 0.93 0.870.34
-13%-14%
-6%-16% -8%
-25%
-18%
5%
-13%
-30%
-20%
-10%
0%
10%
0
2
4
6
Drive Transmission& Steering
EngineComponents
Electricals &Electronics
Body/Chassis/BiW Interiors ( Non-electronic)
Suspension &Braking
Consumables &Misc.
Cooling System RubberComponents
2018-19 2019-20 Growth Rate
Drive Transmission & Steering, 30%
Engine Components, 17%
Electricals & Electronics, 15%
Body/Chassis/BiW, 10%
Interiors ( Non-electronic), 8%
Suspension & Braking, 8%
Consumables & Misc., 6% Cooling System, 6%Rubber Components,
2%
9
Region wise and country wise Imports
Figu
res
in U
SD B
illio
n ➢ Asia accounted for 65% of importsfollowed by Europe and North America at26% and 8%
➢ Imports from Asia declined by 7%, fromEurope by 22% and from North America by17%.
➢ 89% increase from South Korea
10.83
5.13
1.430.13 0.12 0.04
10.04
4.01
1.190.11 0.08 0.01
-7%
-22%
-17%-15%
-33%
-75%
-80%
-60%
-40%
-20%
0%
0
3
6
9
12
Asia Europe North America Africa Latin America CIS & Baltics
2018-19 2019-20 Growth Rate
4609
1175
2505
1634
1209962 925
628 458186
4063
22201720
13681019 828 755
442 389 298-12%
89%
-31% -16% -16% -14% -18%
-30%-15%
60%
-40%
0%
40%
80%
120%
0
1000
2000
3000
4000
5000
China South Korea Germany Japan USA Thailand Singapore Italy UK Belgium
2018-19 2019-20 Growth Rate
Figu
res
in U
SD M
illio
n
10
39875 (6.5)
44660 (6.8)
56096 (8.4)
61601 (9.2)
67491 (10.1) 69381 (9.8)
2014-15 2015-16 2016-17 2017-18 2018-2019 2019-2020
Indian Automotive Aftermarket: 2019-20Tu
rno
ver
in IN
R’ C
rore
(U
SD B
illio
n)
Growth rate in INR
CAGR: 12%
12.%
12%
25.6%
9.8%
9.6%
2.8%
11
Aftermarket Revenue: Segmentation by product category
Aftermarket by Vehicle Segments Aftermarket by Components
PV, 36.2%
CV, 26.2%
2w, 20.5%
Tractor, 9.7%
LCV, 4.5%3w, 2.3%Engine Components,
18.8%
Suspension & Braking, 14.9%
Drive Transmission and Steering,
20.3%
Cooling Systems, 14.4%
Electricals & Electronics,
18.9%
Consumables & Misc., 10.3%
Rubber Components,
2.6%
12
13
We Invite you to the 60th ACMA Annaul Session (Virtual) on September 05, 2020
ACMA
The Capital Court, 6th Floor, Olof Palme Marg, Munirka, New Delhi – 110 067
Tel: 011-26160315, Fax: 011-26160317
E-mail: acma@acma.in, Website: www.acma.in
Thank You
14
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