Siliconindia Magazine

ABCN Manufacturing: One-Stop Solution Provider For State-Of-The-Art Vehicles

With the domestic demand for automobiles expanding year on year, small and medium enterprises (SMEs) have entered into the rapidly expanding market of auto components. Although large enterprises with a foreign and technical collaboration with foreign companies have still maintained a major share of critical components, the SMEs have also evolved tremendously over the years. With a GDP forecast of 7.5 percent till 2020, the country could be surging well ahead of other fast-growing large economies. And, undoubtedly, India, along with its automotive and auto component manufacturing industries, is on a steady upward trajectory.