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The Indian Automotive Supplier Report Supplierbusiness IHS AUTOMOTIVE The Indian Automotive Supplier Report SupplierBusiness 2015 edition supplierbusiness.com REGIONAL REPORT Indian Subcontinent SAMPLE IHS Automotive | Supplying Ford Contents Executive Summary 4 – Renault-Nissan third largest exporter 30 – Tata’s exports expected to decrease 30 Indian Economy and Business Environment 6 – Ford ups capacity in India to boost exports 30 Volatile GDP growth in BRICS 7 – Volkswagen increases exports from India 31 Per capita GDP seen rising 8 – Honda to grow exports from India 31 Inflation in check, for now 8 – GM to turn India into a global export hub 31 Consumer demand expected to improve 9 Foreign investments going up 9 Overview of Automotive Supplier Industry 32 Industrial production recovers 10 Speed bumps 33 Shrinking exports, a cause for concern 10 Positive sentiment returns 33 Indian currency expected to depreciate mildly in 2015, – Engine parts, the largest segment 33 2016 11 – AMT to gain traction 34 – Chassis production 35 The Indian Automotive Market 13 – Interiors production 35 – Maruti Suzuki boosts sales with new models 14 – Exteriors production 35 – Hyundai increases market share 15 – Thermal component production 35 – Mahindra stays leader of SUV segment 16 – Market share of HVAC systems suppliers 36 – Tata Motors plans to reclaim lost ground 16 – The proliferation of car security systems 36 – Honda strengthens position in India with diesel cars Top 10 automotive suppliers in India 36 17 – Motherson Sumi System Limited 37 Key trends in the Indian LV market 18 – Amtek Auto 37 – Hatchback to remain the largest LV segment 18 – MRF Tyres 37 – Rising appetite for SUVs in India 18 – Apollo Tyres 38 – Luxury vehicle market on the rise 19 – Bosch India 38 – Alternative powertrain vehicles market 20 – Sundaram Clayton 38 – Bharat Forge 39 The Indian Automotive Industry 23 – JBM Group 39 Capacity utilization expected to pick up 24 – Minda Industries 39 Top 10 LV manufacturers in India 24 – Sona Koyo 40 – Maruti Suzuki 25 Key trends in Indian supplier industry 40 – Hyundai 25 – Weakness in domestic market turns focus on – Mahindra & Mahindra 26 exports 40 – Tata Motors 26 – Europe accounts for lion’s share of exports 40 – Renault Nissan 27 – Auto parts imports stay higher than exports 41 – Honda 27 – Rising imports from China, a cause for concern 41 – Ford 27 – Rising focus on safety and safety technologies 41 – Toyota 28 – Demand for OEM-installed navigation system set to – Volkswagen 28 increase in India 42 – General Motors 28 – Localisation takes centre stage 42 LV exports 28 – South Africa biggest exportSAMPLE market; i10 most Government Policies and Plans 45 exported model 29 ‘Make in India’ programme 46 – Hyundai tops export chart 30 – Key implications of Make in India programme for – Maruti Suzuki to increase exports 30 automotive sector 46 IHS™ AUTOMOTIVE Copyright notice and legal disclaimer © 2015 IHS. No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent, with the exception of any internal client distribution as may be permitted in the license agreement between client and IHS. Content reproduced or redistributed with IHS permission must display IHS legal notices and attributions of authorship. The information contained herein is from sources considered reliable but its accuracy and completeness are not warranted, nor are the opinions and analyses which are based upon it, and to the extent permitted by law, IHS shall not be liable for any errors or omissions or any loss, damage or expense incurred by reliance on information or any statement contained herein. IHS and the IHS logo are trademarks of IHS. For more information, please contact IHS at www.ihs.com/CustomerCare. © 2015 IHS 2 2015 edition IHS Automotive | The Indian Automotive Supplier Report Labour regulations 47 – Fuel pricing 53 National Manufacturing Policy 47 – Diesel vehicle demand slows post diesel price Review of Automotive Mission Plan 2006-2016 48 deregulation 53 – Skill development programmes 49 Free trade agreements 53 – UNIDO-ACMA supplier development project 49 Foreign trade policy, 2015-20 54 Vehicle taxation in India 49 Infrastructure development 54 Excise and customs duty 50 – Roads 54 – Goods and Services Tax 50 – Ports 56 – Investment incentives 51 – Railways 56 Vehicle safety norms 51 – Power 56 – Crash tests to become mandatory from 2017 51 – Land acquisition 57 – ABS becomes mandatory for commercial vehicles 51 – Amendments proposed to land acquisition act 57 – FAME India 52 – Focus on improving doing business in India 58 – Vehicle emission norms 52 Supplier Profiles 60 Figures Figure 1: Light-vehicle sales in India 14 in India (2012–2018) 24 Figure 2: Light-vehicle sales in by sales parent 14 Figure 6: Light-vehicle exports from India (2012–2018) Figure 3: Light-vehicle sales in India by bodytype 18 29 Figure 4: Light-vehicle production in India (2012–2018) Figure 7: Engine production in India (2012–2018) 34 24 Figure 8: Transmission production in India (2012–2018) Figure 5: Light-vehicle production capacity utilisation 34 Tables Table 1: India’s Real GDP, Growth Rate, Year-on-year 7 Table 11: Top 10 hatchbacks by sales in India 18 Table 2: India’s Real GDP, Growth Rate, Year-on-year 8 Table 12: Top 10 SUVs by sales in India 19 Table 3: FDI and portfolio investment in India (USD Table 13: Light-vehicle production in india by billions 9 manufacturer 24 Table 4: India BOP Current Account Balance 11 Table 14: Top 10 export destinations (2012–2018) 29 Table 5: Top ten light-vehicle models in India by sales Table 15: Top 10 suppliers in India by revenue 36 (2015) 15 Table 16: Maruti Suzuki component supplier family 43 Table 6: Maruti Suzuki light-vehicle sales in India Table 17: Incentives in INR 52 (2012–2018) 15 Table 18: Road Network in India 54 Table 7: Hyundai light-vehicleSAMPLE sales in India (2012–2018) Table 19: Expansion and improvement of national 15 highways 54 Table 8: Mahindra light-vehicle sales in India (2012– Table 20: Status of National Highways Development 2018) 16 Projects as on 31 December 2014 55 Table 9: Tata Motors’ light-vehicle sales in India (2012– Table 21: Growth in power generation in recent years 57 2018) 16 Table 22: India ranks lowest among BRICS in term of Table 10: Honda light-vehicle sales in India (2012–2018) ease of Doing Business 58 17 © 2015 IHS 3 2015 edition IHS Automotive | The Indian Automotive Supplier Report months since its launch in July 2015. According to Hyundai, IHS Automotive’s production forecasts, the automaker is the company plans to increase the model’s production by likely to start vehicle production at the Cheyyar plant in 40% to 7,000 units per month. 2019. In 2014, the automaker said the plant would produce a new line of vehicles to be launched in 2015 onwards. Though for now the South Korean automaker aims However, the Maxximo, Xylo and Quanto are expected to to better utilise its existing capacity in India and has be among the models produced at the plant, according to not announced any plans to invest in a new plant in our forecasts. On the other hand, the Chakan plant will the country, it is reported to be keeping a close eye on be used to produce the automaker’s new vehicles, which the Indian market to identify any need for additional include compact crossovers and a multi-purpose vehicle production capacity in India. (MPV). IHS expects M&M’s LV production to rise to 585,117 units by 2020. Hyundai reported around 4% y/y decrease in production in 2014 owing to a slowdown in the Indian market. In India, Tata Motors Hyundai currently produces models such as EON, Elantra, i10, i20 Elite, i20 Active, Verna, Xcent, Creta and Santa Fe. Tata Motors is currently the fourth largest LV IHS expects Hyundai’s LV production in India to increase manufacturer in India. The automaker produced 317,230 18.5% to 724,045 by 2020 compared with 2014, given that units in India in 2014 and had a market share of 8.8%. the company’s intends to launch two to three models every Though Tata Motors’ capacity utilisation is still low year until 2020 to increase its market share in the country. compared with its peers in India, the company has Hyundai’s production capacity at its Chennai plant in India launched a couple of new models, such as Zest compact is 680,000 which can be stretched to a little over 700,000 sedan and Bolt hatchback, which are well received by units. Therefore the Korean automaker will eventually be Indian buyers. Tata Motors, which owns British automaker required to set up a new plant if it is looking for production Jaguar Lands Rover, is working on increasing its production volumes beyond that. in India. In March 2015, Tata started assembling the Range Rover Evoque at its plant in Pune, Maharashtra. IHS Mahindra & Mahindra expects Tata Motors’s production to increase to 552,197 units by 2020, from 317,230 in 2014, supported by new Mahindra and Mahindra (M&M) is currently the third vehicle launches. In early 2015, Tata Motors revealed plans largest LV manufacturer in India. In 2014, M&M produced to manufacture Tata Kite at its Sanand plant in Gujarat. 404,756 units and had a market share of 12.5%. M&M The vehicle, codenamed “Pelican”, is expected to be is expanding its production capacity, which is expected introduced in 2016 and is likely to be offered in gasoline to increase to 881,100 by 2020 from 587,500 in 2014, up and diesel options. 49.9%, according to IHS Automotive. The automaker currently produces the Bolero, Gio, Genio, Maxximo, Tata Motors opened a new manufacturing facility in Quanto, Scorpio, Xylo, XUV 500, Reva E20, TUV300 and Sanand, Gujarat, in 2010 to produce its low-cost car, Verito.
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