Moving in the fast lane of life, people want every luxury to be at their feet and automobiles serve the purpose perfectly. Automobile parts of global brands are imported from the overseas market are assembled and supplied to the domestic customers.
Gradually the auto firms are concentrating more in producing the automobile spare parts within the country, as the importers have to pay a heavy price for customs and other foreign shipment related practices. When the car companies can manufacture the machinery essential for a vehicle, then they no longer need to find out the foreign exporters to get the machines shipped to India.
Car makers like Maruti and Tata are the auto giants having their manufacturing units here. Manesar and Gurgaon are the units where Maruti manufactures its cars, starting from the popular 800 to sedans like SX4 and DZire, as well as the hatchback Ritz, Swift, A-Star and Wagno-R.
Tata motors have their manufacturing units at Jamshedpur, Sanand, Pune, Pantnagar and Lucknow. This is a major player in the automobile market in India.
The international brand Audi manufactures their vehicles in India as well as assembles after importing the parts from the manufacturing units.
Apart from the car and trucks, bikes are also manufactured and imported. Harley Davidson and other overseas brands’ bikes are shipped from the parent company and sold in the domestic market.
Automotive parts as well as motorbikes and luxury cars are ruling the market like never before. There is tough competition in the auto industry, in order to gain the top most position. Every manufacturer wants to hold the largest numbers of consumers for their product and with the high rising economy and globalization, India is blooming as the hot bed for vehicle buying and selling.
There are plenty of companies that put their money in imported machinery and today they are having their own production units. These collaborations worked until the local brands started getting their own production units to manufacture and market the bikes and cars in their own brand name.
Business profile of the importers as well as exporters, for automobile accessories and spare parts are getting boost. New and second hand vehicles need the spare and accessories to keep them in perfect running condition.
There are various kinds of accessories like seat covers, mirrors, wind shields, hood decorators, handles and music systems essential for cars and SUVs. Among the spare machinery, wheel caps, tyres, tubes, glasses and other miscellaneous items are required for them. In past years these were being imported from the foreign market and used to cost more than the production price in the domestic plants.
Yamaha, Hero, Suzuki and, TVS and Bajaj are the companies that manufacture their bikes and sell in their showrooms. The different parts of the bikes are also used to be assembled and sold, but now they have their independent plants to do the work and generate profits.
Import and export in this industry is seeing a lot of opportunities and there is lot more to experiences. These business owners can reach each other through various business to business portals that connect the global business venture at one place.
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