Steering the growth

In recent times if any industry has grabbed attention despite being small, it is the auto ancillaries sector. Big numbers indeed! However with a size of US $ 4 billion, the entire Indian auto component company. Delphi automotive system corporation of the US. But zoom times may just be around the correct with news that Hyundai and flat will locally source the parts for their Santro and Palio models, or Volkswagen Volvo or Honda evincing interest in components sourced from India.
Motor industries company gets the top honors in the current ranking for auto ancillary firms by market capitalization. A phenomena performance has seen Bharat forge emerge as a competitive global organization with in a span of five years. Not only does it rank second in the list, but is also placed 74th in the overall. Driven by an intensive focus on cost, quality technology and speed, all bench marked on a global scale, the company saw phenomenal increase in all its financial parameters. Asia ,Middle east and Europe and a very diversified product portfolio, it is the largest manufacturing of automotive wiring wires in India. The most notable point of this sector is that, in value terms,other companies, though small are quite near one another in terms of value. A rationalization process might set in the future, resulting in some mergers and acquisitions. This would finally affect the quality of manufacturing process of the companies concerned and influence the reputation of the industry in the global auto ancillaries market.