In India, the corporate environment and the real estate industry coexist together. Commercial and residential real estate are in high demand because of the businesses in the city. This demand raises business and real estate prices. In this article, we will delve into the effect of auto ancillary businesses on India’s real estate dynamics.
See also: Top railway companies in India
Business landscape in India
India has numerous top-tier IT businesses and opportunities for companies of all sizes abound in the Indian business environment. India remains a highly desirable market for corporations, notwithstanding its difficulties. The country’s enormous and expanding population, increasing middle class and quickly growing economy present enterprises with considerable growth potential.
Top auto ancillary companies in India
Bosch
Industry- Automotive, industrial technology, consumer goods, and building technology
Sub-industry- Automotive components, industrial drives and controls, power tools
Company type- Public Company
Location- Koramangala, Bengaluru, Karnataka 560095
Founding date- 1886
It is a top global supplier of consumer goods, energy and building systems, industrial technologies and automotive and industrial components. Bosch has over 4,00,000 employees across more than 60 nations, giving it a global presence. Various industries, including the automotive, fabrication, building, and energy sectors, employ the company’s goods and services.
MRF Limited
Industry- Automotive
Sub-industry- Tyre manufacturing
Company type- Public limited
Location- Infantry Road, Bengaluru, Karnataka 560001
Founding date- 1946
It is the 14th-largest tyre maker in the world and the biggest in India. The company produces various tyres for industrial vehicles, motorbikes, scooters, buses, lorries and bicycles. Treads, tubes and belts for conveyors are just a few of MRF’s additional rubber items. The business also operates a paints sector that produces ornamental, industrial and auto coatings.
Amara Raja Batteries
Industry- Automotive
Sub-industry- Auto ancillary
Company type- Public limited
Location- Binnipete, Bengaluru, Karnataka 560040
Founding date- 1985
The company’s primary brand, Amaron, sells more automobile batteries than any other brand in India. Battery products from ARBL are also used in electric vehicles, solar energy systems and UPS systems, among other things. A significant participant in the Indian vehicle accessory market is ARBL. Several of the world’s top automakers, including Maruti Suzuki, Hyundai and Toyota, receive batteries from this company. Additionally, ARBL exports their batteries to more than 35 nations.
Apollo Tyres
Industry- Tyre and rubber industry
Sub-industry- Tyre manufacturing
Company type- Public limited
Location- Gurugram, Haryana 122102
Founding date- 1972
Apollo Tyres is a well-known tyre manufacturer with operations in over 100 countries. The company manufactures a variety of tyres for off-road vehicles, commercial vehicles and passenger cars. A significant operator in the retreading industry is Apollo Tyres.
Samvardhana Motherson
Industry- Automotive
Sub-industry- Auto ancillaries
Company type- Public limited
Location- Sector 60, Noida, Uttar Pradesh 201301
Founding date- 1986
Samvardhana Motherson International Limited (SAMIL) is a market leader among automobile parts suppliers. It has expanded to rank among India’s most prominent auto accessory businesses. SAMIL engages over 150,000 people and operates over 260 industrial facilities in 41 nations.
CEAT
Industry- Automotive
Sub-industry- Tyre manufacturing
Company type- Public limited
Location- Sector 101, Noida, Uttar Pradesh 201304
Founding date- 1958
India’s top tyre manufacturer, CEAT, has a significant foothold in the international market. The company manufactures a variety of tyres for two-wheelers, business vehicles and automobiles. An important tyre supplier to the Indian Railways is CEAT.
Exide Technologies
Industry- Automotive
Sub-industry- Tire manufacturing
Company type- Public limited
Location- Sector 48, Noida, Uttar Pradesh 201301
Founding date- 1888
A leading producer of batteries for business, manufacturing, and automotive uses is Exide Technologies. The company has production facilities in Kolkata, Pune and Hosur.
Asahi India
Industry- Manufacturing
Sub-industry- Auto ancillary
Company type- Private limited
Location- Sector 9, Noida, Uttar Pradesh 201301
Founding date- 1985
The leading producer and seller of automotive accessories is Asahi, India. Brembo brake systems, fuel systems and pollution control systems are just a few of the many goods the company has to offer. Several automakers, including Maruti Suzuki, Tata Motors, and Mahindra & Mahindra, employ Asahi India’s goods.
Sundaram-Clayton
Industry- Automotive
Sub-industry- Auto components
Company type- Public limited
Location- Padi, Chennai, Tamil Nadu 600050
Founding date- 1962
A subsidiary of the TVS Group, Sundaram-Clayton Limited (SCL) is an Indian manufacturer of automobile components with headquarters in Chennai. With a wide range of goods such as braking systems, clutch systems, driving systems and suspension systems, it is one of the top producers of automotive parts in India.
Bharat Forge
Industry- Automotive and Industrial
Sub-industry- Forging
Company type- Public limited
Location- Pune Cantonment, Mundhwa Pune – 411 036.
Founding date- 1961
With a focus on forging, Bharat Forge is a world leader in metal formation. For various automotive and industrial applications, the company produces a wide variety of high-performance, vital and safety elements. Manufacturing facilities for Bharat Forge can be found in India, Germany, Sweden, France and North America.
JBM Auto
Industry- Automotive
Sub-industry- Auto ancillary
Company type- Public limited
Location- Sector 11, Gurugram, Haryana 122001
Founding date- 1996
A significant player in the Indian vehicle accessory market is JBM vehicles. Some of India’s top commercial vehicle producers, including Ashok Leyland, Tata Motors and Volvo Eicher Commercial Vehicles, purchase its goods. Additionally, the business exports its goods to a number of nations, including the UK.
Schaeffler India
Industry- Automotive, aerospace, and industrial
Sub-industry- Auto ancillary
Company type- Public limited
Location- Floriculture Park – Maharashtra Pune 410 507
Founding date- 1962
One of the top auto accessory firms in India is Schaeffler India. It is a division of the Schaeffler Group, a world leader in the production of clutch systems, engine parts, linear and direct drive technologies and rolling and plain cylindrical bearings.
Commercial real estate demand in India
Office space: Major automotive centres such as Pune, Chennai, Delhi and Bangalore have a particularly high demand for office space from businesses related to the automobile industry. A variety of benefits are available to auto ancillary businesses in these locations, including easy access to a big pool of skilled labour, close proximity to significant OEMs and a well-established infrastructure.
Rental property: Companies that provide auto ancillary services are also increasing the demand for rental housing. This is because of various factors, including the rising cost of leasing office space.
Impact: The commercial real estate sector in India is benefiting from the increasing need for commercial real estate from vehicle ancillary businesses. Rent prices and occupancy rates are rising as a result, and fresh capital is flowing into the industry.
Impact of auto ancillary companies on India
The Indian economy is extremely dependent on the auto auxiliary industry. They are in charge of manufacturing and supplying the automotive industry with a variety of parts and systems. One of the biggest and most diverse economic sectors in India is the automotive auxiliary business, which considerably boosts employment and the GDP of the nation.
FAQs
Which auto ancillary companies in India are the biggest?
Some of the largest auto ancillary companies in India are MRF, Apollo Tyres, CEAT, Exide, etc.
What does India's car auxiliary market entail?
The production and distribution of intermediate machinery and automotive components used in the production of automobiles is the focus of the auto auxiliary market.
How many auto ancillary companies are there in India?
There are around 88 auto ancillary companies in India.
How do auto ancillary companies contribute to the Indian automotive industry?
Auto ancillary companies play a crucial role in supporting the automotive industry by providing essential components and services, helping it manufacture vehicles efficiently and maintain high-quality standards.
How can I invest in auto ancillary companies in India?
To invest in auto ancillary companies, you can consider buying stocks of these companies listed on stock exchanges.
What are the different segments of auto ancillary companies in India?
Auto ancillary companies in India operate across various segments, including tyre segment and battery segment.
What are the key challenges faced by auto ancillary companies in India?
Challenges include fluctuating demand, global competition, the need for continuous innovation, managing costs, and complying with changing regulatory standards.
What are the major export destinations for auto ancillary products from India?
Major export destinations for Indian auto ancillary products include the United States, Europe, Africa and neighbouring Asian countries.
What are the recent trends and technologies driving the auto ancillary sector in India?
Recent trends include adopting electric vehicle technology, advancements in materials and manufacturing processes and focusing on sustainability and eco-friendly practices.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
