siliconindia | | February 20204The Indian auto sector has been recording tremendous growth over the past years. The industry currently accounts for almost 7 percent of our GDP and employs about 19 million people both directly and indirectly. As a result, the industry has emerged as a major contributor to India's Gross Domestic Product (GDP). The rapid growth in the Indian manufacturing industry has led to a rise in the demand for Commercial Vehicles as well. The growing demand for Commercial Vehicles has made a positive impact on the demand for vehicle body parts industry as well. Indian vehicle component industry which was estimated to have a turnover of US$ 66 billion turnover by 2015­16, it is now expected to grow at a 14 percent compound annual growth rate (CAGR) by 2013­2021, as per a report by Automotive Component Manufacturers' Association of India (ACMA) ­ the nodal agency for the Indian auto component industry.Clearly, the automotive industry in India occupies a significant space in the Indian economy. Emerging as a global hub for auto component sourcing, India is all set to break into the league of the top five vehicle producing nations across the world. From engine parts, drive transmission and steering parts, body and chassis, suspension and braking parts, equipment and electrical parts, and more, the Indian auto body parts sector covers a wide range of industries. In the years to come, the India automotive components market is anticipated to witness double-digit growth. Growing population, developments in the manufacturing industry are two key factors associated with the Commercial Vehicles and Body Parts Manufacturing Industry. With the marketplace full of options to choose from, in this edition of siliconindia magazine we have featured a list of `10 Most promising Commercial Vehicles and Body Parts Manufacturers - 2020'. A carefully curated list, it reflects potential Commercial Vehicles and Body Part providers who are setting a niche in the industry with their top-notch offerings. I hope the list helps you find the right partner and we achieve our mission.Your ideas are always welcome!Deepshikha SinghSpecial Editoreditor@siliconindia.comEditorialCommercial Automotive, an Industry Poised to Soar Higher in 2020 siliconindia Vol 08 · Issue 7 - 1 · February 06, 2020 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Special Editor Deepshikha Singh Editorial Team Aveek Pal Chaudhuri Tanuja Akkannavar Rohan A T Sthitaprajnya Panigrahi Srrayvinya OLM Sujith Vasudevan VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.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 © 2020 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.com Visualisers Mohana Krishnan Manjunath Vetrivel S Group Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Circulation Manager Magendran Perumal Chander Thyagara Felisha Rita Ashwini D Naiksiliconindia | | MAY 201927siliconindia | | May 201839siliconindia | | February 20173
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