The Indian automotive component industry has shown tremendous growth over the last decade. Today it
has 480 companies, employees more than 2, 50,000 people and has an estimated turnover of
approximately Rs 45,000 crore (US$ 10 billion). On export front also, the industry has grown by leaps and
bounds, generating an overseas sales of to Rs. 8,190 Crores (US$ 1.8 billion) in 2005-06, which is nearly
three times of what it exported in 2001-02 (US$ 578 million)1.