The Indian Automotive and its ancillary industries are witnessing a major upsurge due to the twin impact of the growing demand within the country and the ever expanding export potential, with India acting as an export hub for some of the largest automotive brands.

The Indian auto component industry is likely to almost double to US $18.7 billion by 2009 and reach about US $40 billion. The globally competitive auto component manufacturing sector has been much in demand with global auto majors. A number of them source critical components from India, with engine parts making up nearly one third of all exports.

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