siliconindia | | September 20184With India's economy developing and the country becoming the automotive center of the world attracting global and domestic players equally to cater the increasing need of the market, the Indian auto-components industry is experiencing healthy growth over the last few years. IBEF predicts that the auto-component industry of India has expanded by 14.3 percent and is expected to grow to $47-49 billion in FY18. It claims a buoyant end-user market, improved consumer sentiment and return of adequate liquidity in the financial system as the aim attributes contributing to this increase. This growth will further result due to the expected pick-up in rural income. On the other hand, the Government of India's FAME Scheme (Faster Adoption and Manufacturing of Hybrid & Electric vehicles in India), which is a part of the National Electric Mobility Mission plan, will drive the market growth substantially. But what puts India on a positive note is its cost-effectiveness and its geographical close proximity to key automotive markets like Middle East and Europe. India is also undertaking exponential R&D to create world-class auto-components, and its Make in India initiative is further pulling major OEMs to manufacture few types of components in the country, which further will peddle the growth. Looking into this increasingly fascinating market growth, siliconindia brings to you `10 Most Promising Automotive Components & Accessories Manufacturers ­ 2018' - a comprehensive list of the best names from the auto-component & accessories manufacturers in India. Created to help automobile manufacturers partner with the best component & accessories manufacturers, we believe the issue to be the directory you need. Do let us know what you think! Anamika SahuManaging Editoreditor@siliconindia.comEditorialIndia's Economy Favourable for the Growth of Automotive Components & Accessories Industry siliconindia Vol 07 · Issue 2 - 9 · September 17, 2018 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Associate Editor Susila Govindaraj Editorial Team Ananth.V Imelda Tarzarina John Roshan Anto Karthik Muralidhar Krupa P. Dave Shefali Mathur Sophia Rohtagi Srrayvinya OLM Sujith Vasudevan Sushruth R Trisha Pragya Younus Ahmad Dar VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindiamagazine.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2018 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers S Sivasankar Suanya Group Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Circulation Manager Magendran PerumalShivanshu Sekhar Patel Prangya Tripathi Kavita Ashwini D Naik
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