ACMA Press Conference -Indian Auto Component Industry

Performance Review- FY 19

24th July 2019

Press Conference: August 19, 2020

Auto Components Industry Performance Review: 2019-20

8.0

15.4

2018-19 2019-20

24.340.5

2009-10 2019-20

30.8

49.2

2009-10 2019-20

4.2

14.5

2018-19 2019-20

4.3

9.8

2018-19 2019-20

Indian Auto Component industry – A key driver of Indian economy

5%

Sales to OEMS

Imports

Exports

Dom. After-market

15%

10%

8%

6%

Industry Revenue (USD Billion)

• Accounts for 2.3% of National GDP; 25% of manufacturing GDP

• 4% of exports

• Creates 50 lakh jobs

• Cost competitive; globally renowned for frugal engineering

• ~25% of exported; North America & Europe account for 60% ofExports

• India Share’s in Global demand increased from 0.6% to 1.3% inlast 10 years

CAGR

2

(Turnover includes supplies to OEMs, aftermarket sales and exports)

Turn

ove

r in

INR

’ Cro

re (

USD

Bill

ion

)

234869 (38.50)255635 (39.00)

292184 (43.55)

345635 (51.20)

395902 (57.10)

349637 (49.27)

2014-15 2015-16 2016-17 2017-18 2018-2019 2019-2020

CAGR: 8%

11.1%8.8%

14.3%

18%

14.5% -11.7%

Auto Components Industry Performance: 2019-20

Growth

3

Industry produces high quality, price competitive Components

Product Range and Auto Components Supply to OEMs

*OEMs consumption includes locally produced Components and Imports

PV Passenger Cars, Utility Vehicles, Vans

2Wh Scooters, Motorcycles, Mopeds

LCV All Commercial Vehicles < 7.5 T

M & HCVs All Commercial Vehicles > 7.5 T

3Wh Goods and Passenger 3 wheelers

Tractors Tractors

EME Earth Moving Equipment

PV, 45.3%

2 Wheelers, 19.6%

LCV, 11.8%

M & HCV, 12.4%

Tractors, 6.5%

3 Wheelers, 3.3% EME, 1.2%

Engine Components, 26.1%

Suspension & Braking, 15.6%

Body / Chassis / BiW, 14.1%

Drive Transmission & Steering, 13.2%

Electricals & Electronics,

12.4%

Interiors (non-electronic), 10.8%

Consumables & Misc., 6.4%

Cooling System, 0.9% Rubber Components, 0.8%

4

68522 (11.22) 70916 (10.90) 73128 (10.90)

90571 (13.50)

106048 (15.20) 102623 (14.50)

2014-15 2015-16 2016-17 2017-18 2018-19 2019-20

USA 26% Brazil 4%

Germany 7% Italy 3%

Turkey 4% Bangladesh 3%

Thailand 4% Mexico 3%

UK 4% UAE 3%

Export Destinations: Top 10 Countries in %

Exp

ort

s in

INR

’ Cro

re (

USD

Bill

ion

)

Exports – Auto Component Industry: 2019-20

CAGR: 8%

10.4%3.5% 3.1%

23.9%17.1%

61%

Growth rate in INR

North America30%

Europe30%

Asia27%

Latin America

6%

Africa6%

CIS & Baltics1%

-3.2%

5

Segmentation by Product type: Exports

Figu

res

in U

SD B

illio

n

➢ Engine, Transmission and Steering parts continue to account for more than half of all components ( 52%) exports from India.

➢ Electricals & Electronics registered 22% growth

Drive Transmission & Steering

33%

Engine Components19%Body/Chassis/BiW

13%

Suspension & Braking11%

Electricals & Electronics

11%

Interiors ( Non-electronic)

6%

Consumables & Misc.

4%

Rubber Components

2%

Cooling System1%

5.17

2.96

2.151.72

1.38

0.73 0.640.25 0.16

4.78

2.74

1.931.53 1.68

0.8 0.600.22 0.20

-8% -7%-10% -11%

22%

10%

-6%

-12%

25%

-20%

-10%

0%

10%

20%

30%

0

2

4

6

Drive Transmission& Steering

EngineComponents

Body/Chassis/BiW Suspension &Braking

Electricals &Electronics

Interiors ( Non-electronic)

Consumables &Misc.

RubberComponents

Cooling System

2018-19 2019-20 Growth Rate

6

Region wise and country wise exports

Figu

res

in U

SD M

illio

nFi

gure

s in

USD

Bill

ion

➢ Europe accounting for 30% of exports, saw a decline of 11%

➢ North America and Asia, accounting for 30% and 27% respectively registered marginal decline.

➢ Only Brazil registered a marginal growth amongst top 10 countries

4.894.36

4.00

0.84 0.830.23

4.36 4.34

3.86

0.83 0.86

0.18

-10.8%

-0.5%-3.5%

-1.2%

3.6%

-21.7%

-30.0%

-20.0%

-10.0%

0.0%

10.0%

0

1

2

3

4

5

Europe North America Asia Latin America Africa CIS & Baltics

2018-19 2019-20 Growth Rate

3719

1109

570 584 679 518 582 484 439 482

3713

1028

549 573 567 535 472 471 437 406

-0.2%

-7.3%

-3.7%-1.9%

-16.5%

3.3%

-18.9%

-2.7%-0.5%

-15.8%

-25.0%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

0

1000

2000

3000

4000

USA Germany Turkey Thailand UK Brazil Italy Bangladesh Mexico UAE

2018-19 2019-20 Growth Rate

82931 (13.58) 90662 (13.82), 90571 (13.50)106672 (15.90)

123688 (17.70)109601 (15.40)

2014-15 2015-16 2016-17 2017-18 2018-19 2019-20

China 26% Thailand 5%

South Korea 14% Singapore 5%

Germany 11% Italy 3%

Japan 9% UK 3%

USA 7% Belgium 3%

Origin of Imports: Top 10 Countries in %

Imp

ort

s in

INR

’ Cro

re (

USD

Bill

ion

)

Imports – Auto Component Industry: 2019-20

-11.4%

7.5%9.3% -0.1%

17.8%14.4%

CAGR:6%

85%

Growth rate in INR

Asia65%

Europe 26%

North America8%

Latin America1%

Africa0%

CIS & Baltics0%

8

Segmentation by Product type: Imports

Figu

res

in U

SD B

illio

n

5.29

3.002.41

1.741.31 1.57

1.140.83

0.39

4.58

2.592.26

1.47 1.21 1.18 0.93 0.870.34

-13%-14%

-6%-16% -8%

-25%

-18%

5%

-13%

-30%

-20%

-10%

0%

10%

0

2

4

6

Drive Transmission& Steering

EngineComponents

Electricals &Electronics

Body/Chassis/BiW Interiors ( Non-electronic)

Suspension &Braking

Consumables &Misc.

Cooling System RubberComponents

2018-19 2019-20 Growth Rate

Drive Transmission & Steering, 30%

Engine Components, 17%

Electricals & Electronics, 15%

Body/Chassis/BiW, 10%

Interiors ( Non-electronic), 8%

Suspension & Braking, 8%

Consumables & Misc., 6% Cooling System, 6%Rubber Components,

2%

9

Region wise and country wise Imports

Figu

res

in U

SD B

illio

n ➢ Asia accounted for 65% of importsfollowed by Europe and North America at26% and 8%

➢ Imports from Asia declined by 7%, fromEurope by 22% and from North America by17%.

➢ 89% increase from South Korea

10.83

5.13

1.430.13 0.12 0.04

10.04

4.01

1.190.11 0.08 0.01

-7%

-22%

-17%-15%

-33%

-75%

-80%

-60%

-40%

-20%

0%

0

3

6

9

12

Asia Europe North America Africa Latin America CIS & Baltics

2018-19 2019-20 Growth Rate

4609

1175

2505

1634

1209962 925

628 458186

4063

22201720

13681019 828 755

442 389 298-12%

89%

-31% -16% -16% -14% -18%

-30%-15%

60%

-40%

0%

40%

80%

120%

0

1000

2000

3000

4000

5000

China South Korea Germany Japan USA Thailand Singapore Italy UK Belgium

2018-19 2019-20 Growth Rate

Figu

res

in U

SD M

illio

n

10

39875 (6.5)

44660 (6.8)

56096 (8.4)

61601 (9.2)

67491 (10.1) 69381 (9.8)

2014-15 2015-16 2016-17 2017-18 2018-2019 2019-2020

Indian Automotive Aftermarket: 2019-20Tu

rno

ver

in IN

R’ C

rore

(U

SD B

illio

n)

Growth rate in INR

CAGR: 12%

12.%

12%

25.6%

9.8%

9.6%

2.8%

11

Aftermarket Revenue: Segmentation by product category

Aftermarket by Vehicle Segments Aftermarket by Components

PV, 36.2%

CV, 26.2%

2w, 20.5%

Tractor, 9.7%

LCV, 4.5%3w, 2.3%Engine Components,

18.8%

Suspension & Braking, 14.9%

Drive Transmission and Steering,

20.3%

Cooling Systems, 14.4%

Electricals & Electronics,

18.9%

Consumables & Misc., 10.3%

Rubber Components,

2.6%

12

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We Invite you to the 60th ACMA Annaul Session (Virtual) on September 05, 2020

ACMA

The Capital Court, 6th Floor, Olof Palme Marg, Munirka, New Delhi – 110 067

Tel: 011-26160315, Fax: 011-26160317

E-mail: acma@acma.in, Website: www.acma.in

Thank You

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