Indian Auto Component Industry Performance Review: FY 19 & 2019-20 Analysis

The Indian auto component industry plays a significant role in the economy, with key statistics highlighting its growth and contribution. Performance indicators such as industry revenue, sales to OEMs, imports, exports, and job creation depict a sector that is cost-competitive and globally competitive. The industry's product range covers a wide spectrum catering to various vehicle types, and its export destinations showcase a diverse market presence. The segmentation by product type further emphasizes the industry's robust performance and potential for continued growth.

• Auto Components
• Indian Economy
• Industry Performance
• Export Destinations
• Growth Analysis

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1. ACMA Press Conference - Indian Auto Component Industry Performance Review- FY 19 Performance Review: 2019-20 Auto Components Industry 24th July 2019 Press Conference: August 19, 2020

2. Indian Auto Component industry A key driver of Indian economy (USD Billion) CAGR Industry Revenue 40.5 Sales to OEMS 24.3 6% 49.2 2009-10 2019-20 15.4 8% 30.8 8.0 Imports 5% 2018-19 2019-20 14.5 2009-10 2019-20 Exports 15% 4.2 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% of Exports India Share s in Global demand increased from 0.6% to 1.3% in last 10 years 2018-19 2019-20 9.8 Dom. After- market 4.3 10% 2 2018-19 2019-20

3. Auto Components Industry Performance: 2019-20 Growth CAGR: 8% 395902 (57.10) Turnover in INR Crore (USD Billion) 349637 (49.27) 345635 (51.20) 292184 (43.55) 14.5% -11.7% 255635 (39.00) 234869 (38.50) 18% 14.3% 8.8% 11.1% 2014-15 2015-16 2016-17 2017-18 2018-2019 2019-2020 (Turnover includes supplies to OEMs, aftermarket sales and exports) 3

4. Product Range and Auto Components Supply to OEMs Cooling System, 0.9% Consumables & Misc., 6.4% 3 Wheelers, 3.3% EME, 1.2% Rubber Components, 0.8% Tractors, 6.5% Interiors (non-electronic), 10.8% LCV, 11.8% Engine Components, 26.1% Electricals & Electronics, 12.4% PV, 45.3% M & HCV, 12.4% Suspension & Braking, 15.6% Drive Transmission & Steering, 13.2% 2 Wheelers, 19.6% Body / Chassis / BiW, 14.1% PV Passenger Cars, Utility Vehicles, Vans 2Wh Scooters, Motorcycles, Mopeds Industry produces high quality, price competitive Components LCV All Commercial Vehicles < 7.5 T M & HCVs All Commercial Vehicles > 7.5 T 3Wh Goods and Passenger 3 wheelers Tractors Tractors 4 *OEMs consumption includes locally produced Components and Imports EME Earth Moving Equipment

5. Exports Auto Component Industry: 2019-20 Growth rate in INR CAGR: 8% Exports in INR Crore (USD Billion) 106048 (15.20) 102623 (14.50) 90571 (13.50) 73128 (10.90) 70916 (10.90) 68522 (11.22) 17.1% -3.2% 23.9% 3.1% 3.5% 10.4% 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Export Destinations: Top 10 Countries in % Africa 6% Latin America 6% CIS & Baltics 1% USA 26% Brazil 4% North America 30% Germany 7% Italy 3% Asia 27% 61% Turkey 4% Bangladesh 3% Europe 30% Thailand 4% Mexico 3% UK 4% UAE 3% 5

6. Segmentation by Product type: Exports 6 30% 5.17 2018-19 2019-20 Growth Rate 25% 4.78 Figures in USD Billion 22% 20% 4 10% 10% 2.96 2.74 2.15 0% 1.93 1.72 1.68 2 -6% 1.53 1.38 -7% -8% 0.8 -10% 0.73 -10% 0.64 -11% 0.60 -12% 0.25 0.22 0.20 0.16 0 -20% Drive Transmission & Steering Engine Components Body/Chassis/BiW Suspension & Braking Electricals & Electronics Interiors ( Non- electronic) Consumables & Misc. Rubber Components Cooling System Consumables & Misc. 4% Rubber Components 2% Interiors ( Non- electronic) 6% Cooling System 1% Engine, Transmission and Steering parts continue to account for more than half of all components ( 52%) exports from India. Electricals & Electronics 11% Drive Transmission & Steering 33% Suspension & Braking 11% Engine Components 19% Electricals & Electronics registered 22% growth Body/Chassis/BiW 13% 6

7. Region wise and country wise exports 4.89 5 10.0% 4.34 4.36 4.36 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 4.00 3.6% 3.86 4 Figures in USD Billion 0.0% -0.5% -1.2% -3.5% 3 -10.0% -10.8% 2 0.86 -20.0% 0.84 0.83 0.83 -21.7% 1 0.23 0.18 0 -30.0% Europe North America Asia Latin America Africa CIS & Baltics 2018-19 2019-20 Growth Rate 3719 3713 4000 5.0% 3.3% 0.0% Figures in USD Million -0.2% -0.5% -1.9% 3000 -2.7% -3.7% -5.0% -7.3% 2000 -10.0% 1109 1028 -15.0% -15.8% -16.5% -18.9% 679 1000 584 582 573 570 567 549 535 518 484 482 472 471 439 437 406 -20.0% 0 -25.0% USA Germany Turkey Thailand UK Brazil Italy Bangladesh Mexico UAE 2018-19 2019-20 Growth Rate

8. Imports Auto Component Industry: 2019-20 Growth rate in INR CAGR:6% Imports in INR Crore (USD Billion) 123688 (17.70) 109601 (15.40) 106672 (15.90) 90662 (13.82), 90571 (13.50) 82931 (13.58) 14.4% -11.4% 17.8% 9.3% -0.1% 7.5% 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Origin of Imports: Top 10 Countries in % CIS & Baltics 0% Latin America 1% Africa 0% North America 8% China 26% Thailand 5% South Korea 14% Singapore 5% Europe 26% 85% Germany 11% Italy 3% Asia 65% Japan 9% UK 3% USA 7% Belgium 3% 8

9. Segmentation by Product type: Imports 6 10% 5.29 Figures in USD Billion 5% 4.58 2018-19 2019-20 Growth Rate 0% 4 -6% 3.00 -8% -14% -16% 2.59 -10% 2.41 2.26 -13% -13% 1.74 1.57 2 1.47 -18% 1.31 1.21 1.18 1.14 -20% 0.93 0.87 0.83 0.39 0.34 -25% 0 -30% Drive Transmission & Steering Engine Components Electricals & Electronics Body/Chassis/BiW Interiors ( Non- electronic) Suspension & Braking Consumables & Misc. Cooling System Rubber Components Rubber Components, 2% Cooling System, 6% Consumables & Misc., 6% Drive Transmission & Steering, 30% Suspension & Braking, 8% Interiors ( Non- electronic), 8% Engine Components, 17% Body/Chassis/BiW, 10% Electricals & Electronics, 15% 9

10. Region wise and country wise Imports 12 0% 10.83 -7% 10.04 Asia accounted for 65% of imports followed by Europe and North America at 26% and 8% Imports from Asia declined by 7%, from Europe by 22% and from North America by 17%. 89% increase from South Korea -17% Figures in USD Billion -15% 9 -20% -22% -33% 5.13 6 -40% 4.01 3 -60% 1.43 1.19 -75% 0.13 0.12 0.11 0.08 0.04 0.01 0 -80% Asia Europe North America Africa Latin America CIS & Baltics 2018-19 2019-20 Growth Rate 4609 5000 120% Figures in USD Million 4063 89% 4000 80% 60% 3000 2505 2220 40% 1634 1720 2000 1368 1209 1175 1019 962 925 0% 828 755 628 -16% -16% 1000 -18% -31% -14% 458 -12% 442 -30% -15% 389 298 186 0 -40% China South Korea Germany Japan USA Thailand Singapore Italy UK Belgium 2018-19 2019-20 Growth Rate 10

11. Indian Automotive Aftermarket: 2019-20 Growth rate in INR 69381 (9.8) 67491 (10.1) CAGR: 12% 61601 (9.2) 56096 (8.4) 44660 (6.8) Turnover in INR Crore (USD Billion) 39875 (6.5) 2.8% 9.6% 9.8% 25.6% 12% 12.% 2014-15 2015-16 2016-17 2017-18 2018-2019 2019-2020 11

12. Aftermarket Revenue: Segmentation by product category Rubber Components, 2.6% Consumables & Misc., 10.3% LCV, 4.5%3w, 2.3% Engine Components, 18.8% Tractor, 9.7% Electricals & Electronics, 18.9% PV, 36.2% Suspension & Braking, 14.9% 2w, 20.5% Cooling Systems, 14.4% Drive Transmission and Steering, 20.3% CV, 26.2% Aftermarket by Vehicle Segments Aftermarket by Vehicle Segments Aftermarket by Components Aftermarket by Components 12

13. We Invite you to the 60th ACMA Annaul Session (Virtual) on September 05, 2020 13

14. Thank You 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 14