ISSN:0976531X & E-ISSN:09765352, Vol. 1, Issue 2, 2010, PP-01-11
Indian Auto Component Industry: Challenges Ahead
Sachin Borgave* and Chaudhari J.S.
*Commerce & Management investigate Unit, Shivaji University, Kolhapur, MS, India
sachinborgave@gmail.com, jaya penurychaudhari@gmail.com
Abstract- Indian Automobile effort is flourishing its twigs worldwide and is blind drunk to a fruition of triumph in
the global competition. The spine of the assiduity is its suppliers of car components and accessories which
is also an exclusive industrial segment. Today auto industry is enjoying the benefits while the auto
component sector is in its graveness despite of hard efforts of survival. The factors making the differences are
unavailability of resources like ingenious labour and technology, high cost of production due to swelling and
Government policies of indirect taxes such as customs and excise. The reputation highlights the challenges
faced by Indian auto component industry in domestic and global market.
Keywords- Auto Components, Accessories, International Trade, Exports, Imports, Automobiles
1.1 Introduction
The afterward globalization period enhanced the trade
in all sectors which includes railcar and auto
components in top trading commodities.
The new
auto policy helped to abet the auto sector
worldwide. The cheap labour and resources in
India has captivated the attention of developed
countries from longsighted years back. Only on the
globalization the trade benefits came into clear
experience and also India realized the authorisation of the
world market. Despite of justify trade agreement,
the preferential and regional trade agreements
brought the higher potential markets closer to
India to develop the international trade and
flourish the Indian presence. Today the
international markets are so saturated and the
sign up throat competition is spread all over the globe
as the whole world has become a single market....If you want to get a full essay, order it on our website: Ordercustompaper.com
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