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July 2017

India Drive and Timing Chain Market Outlook to 2022

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July 2017

India Drive and Timing Chain Market Outlook to 2022

T ABLE OF C ONTENTS 1.

Executive Summary India Drive and Timing Chain Market India Drive and Timing Chain Market Size India Drive and Timing Chain Market Segmentation Trade Scenarios in India Drive and Timing Chain Market Competitive Landscape of Major Players in India Drive and Timing Chain Market Trends And Developments in India Drive and Timing Chains Market Future Outlook Of India Drive and Timing Chains Market 2.

Appendix 2.1. Market Definitions 2.2. Abbreviations 2.3. Market Sizing And Modeling Research Methodology Market Sizing - India Drive and Timing chain Market Variables (Dependent and Independent) Multi-Factor Based Sensitivity Model Regression Matrix Limitations Final Conclusion 3.

India Drive and Timing chain Market Introduction 4.

Drive and Timing Chain Components and Quality Features 4.1. Quality Features of Drive and Timing Chain 4.2. Parts of Drive and Timing Chain 4.3. Components of Chain 5.

Value Chain Analysis of India Drive and Timing Chains Market Overview Value Chain Stages Major Issues in Value Chain Process 6.

India Drive and Timing Chain Market Size, FY’2012-FY’2017 7.

India Drive and Timing Chain Market Segmentation, FY’2017 7.1. By Type Of Chains, FY’2017 7.2. By Vehicle, FY’2017 7.3. By OEM & Aftermarket, FY’2017 7.4. By Market Structure, FY’2017 7.5. By Sectors, FY’2017 8.

Customer Viewpoint On Drive and Timing chains 8.1. Key Issues and Challenges Faced By OEMs

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India Drive and Timing Chain Market Outlook to 2022

Poor Infrastructure for Supply Chains and Exports Technological Innovation Government Regulations 8.2. Replacement Time Period For Drive and Timing chains 8.3. Relationship Between Chain Manufacturers and OEMs 9.

Trade Scenario For Drive and Timing chains Market in India 9.1. India Drive and Timing chains Market Export Revenue, FY’2011 – FY’2016 Major Export Destinations 9.2. India Drive and Timing chains Market Import Revenues, FY’2011 – FY’2016 Major Import Countries Import Duty On Drive and Timing chains In India 10.

Trends and Developments In India Drive and Timing chains Market 10.1. Recovery In Motorcycle Sales In India 10.2. Strong Aftermarket Offers Stability 10.3. Capacity Expansion of OEMs And Clients 11.

Key Issues And Challenges In India Drive and Timing chain Market 11.1. Escalating Cost Of Supply Chain Operations 11.2. High Interest Rates, Raw Material Prices, Labor Costs and Others 11.3. High Competition From China 11.4. Growing Demand of Scooters In India 12.

Porter’s Five Forces Analysis on India Drive and Timing chain Market 13.

Investment Model For India Drive and Timing chain Manufacturing Plant 14.

Norms and Standards for Drive and Timing chains 14.1. ANSI Standards for Two Wheeler Chains 14.2. ISO 10190 14.3. ISO 15654 14.4. ISO 606 15.

Market Share of Major Players in India Drive and Timing chains Market, FY’ 2016 16.

Competitive Scenario in Organized and Organized Sector in India Drive and Timing chain Market 17.

Competitive Landscape of Major Players In India Drive and Timing chains Market 17.1. L.G. Balakrishnan & Bros Limited 17.2. Tube Investments of India 17.3. Rockman Industries Limited 18.

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India Drive and Timing Chain Market Outlook to 2022

18.1. India Drive and Timing chains Market Future Outlook and Projections By Value, FY'2017-FY'2022 18.2. India Drive and Timing chains Market Future Outlook and Projections By Major Applications, FY'2022 18.3. India Drive and Timing chain Market Future Outlook and Projections by OEM & Aftermarket 18.4. Future Investments And Opportunities in India Automobile Industry 18.5. Analyst Recommendations 19.

Macroeconomic Factors Affecting India Drive and Timing chains Market 19.1. Two Wheeler Production In India, FY’2012 - FY’2022 19.2. Three Wheeler Production In India, FY’2012 – FY’2022 19.3. Passenger And Commercial Vehicles, FY’2012 – FY’2022 19.4. Aluminum Price, FY’2012 – FY’2022 Disclaimer Contact Us

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India Drive and Timing Chain Market Outlook to 2022

L IST OF F IGURES Figure 1-1: Flow Chart for India Drive and Cam Chain Market, FY’2017 Figure 3-1: Basic Components of Power Transmission Chain Figure 5-1: Value Chain Analysis for India Drive and Timing Chain Market Figure 6-1: India Drive and Timing Chain Market Size on the Basis of Revenue in INR Billion and Growth Rate in Percentage (%), FY’2012 – FY’2017 Figure 7-1: India Drive and Timing Chain Market Segmentation by Type of Chains on the Basis of Revenue in Percentage (%), FY’2017 Figure 7-2: India Drive and Timing chain Market Segmentation by Vehicle on the Basis of Revenue in Percentage (%), FY’2017 Figure 7-3: India Drive and Timing Chain Market Segmentation by OEM & Aftermarket on the Basis of Revenue in Percentage (%), FY’2017 Figure 7-4: India Drive and Timing chain Market Segmentation by Organized & Unorganized Markets on the Basis of Revenue in Percentage (%), FY’2017 Figure 7-5: India Drive and Timing chains Market Segmentation by Automotive & Industrial Sectors on the Basis of Revenue in Percentage (%), FY’2017 Figure 9-1: India Drive and Timing chains Export Value on the Basis of Revenue in INR Billion, FY’2011 – FY’2016 Figure 9-2: India Drive and Timing chain Market Import Value on the Basis of Revenues in INR Billion, FY’2011 – FY’2016 Figure 10-1: Motorcycle Sales in India on the Basis of Volume in Million Units, FY’2010 – FY’2016 Figure 10-2: Motorcycle Export Sales from India on the Basis of Volume in Million Units, FY’2011 – FY’2015 Figure 10-3: Two Wheeler Manufacturers’ Plans for Expanding Production Capacity in Million Units, 2017E Figure 11-1: Logistics Cost in India Automotive Supply Chain on the Basis of Logistics cost as Percentage of Sales (%) Figure 12-1: Porter's Five Forces Analysis for India Drive and Timing chain Market Figure 15-1: Market Share of Major Players in India Drive and Timing chain Market on the Basis of Revenue in Percentage (%), FY’ 2016 Figure 17-1: L.G. Balakrishnan & Bros Limited Product Portfolio Figure 17-2: Financial Performance of L.G. Balakrishnan & Bros Limited on the Basis of Revenue Breakup by Segments (Transmission, Metal Forming, International Subsidiaries, LCV Dealerships) in Percentage (%), FY’ 2016 Figure 17-3: Financial Performance of L.G. Balakrishnan & Bros Ltd. Company on the Basis of Revenues from Drive and Timing chains in INR Billion, FY’2011 – FY’2016

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India Drive and Timing Chain Market Outlook to 2022

Figure 17-4: Financial Performance of L.G. Balakrishnan & Bros Ltd. on the Basis of Export & Import Revenues from Drive and Timing chains in Percentage (%), FY’2016 Figure 17-5: Financial Performance of L.G. Balakrishnan & Bros Ltd. by OEM & Aftermarket Sales of Chains on the Basis of Revenues in Percentage (%), FY’2015 – FY’2016 Figure 17-6: Financial Performance of Tube Investments of India on the Basis of Revenue from Metal Forming Products in INR Billion, FY’2011 – FY’2016 Figure 17-7: Financial Performance of Rockman Group on the Basis of Revenues in INR Billion, FY’2015 – FY’2016 Figure 18-1: Future Outlook of India Drive and Timing chain Market on the Basis of Revenue in INR Billion, FY’2018 – FY’2022 Figure 18-2: Future Outlook of India Drive and Timing chain Market on the Basis of Major Applications, FY’2022 Figure 18-3: of India Drive and Timing chain Market Future Outlook by OEM & Aftermarket on the Basis of Revenue in Percentage (%), FY’2022 Figure 19-1: Two Wheeler Production in India on the Basis of Units in Million, FY’2012-FY’2022 Figure 19-2: Three Wheeler Production in India on the Basis of Number of Units in Thousands, FY’2012-FY’2022 Figure 19-3: Passenger and Commercial Vehicles Production on the Basis of Million Units, FY’2012-FY’2022 Figure 19-4: Aluminum Prices on the Basis of INR Thousand /Ton, FY’2012FY’2022

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India Drive and Timing Chain Market Outlook to 2022

L IST OF T ABLES Table 2-1: Correlation Matrix of India Automotive Transmission Chain Market Table 2-2: Regression Coefficient Output for India Drive and Timing chain Market Table 3-1: Snapshot of India Drive and Timing Chain Market Including Overview, Market, Major Players and Growth Drivers Table 4-1: Description and Quality Features of a Drive and Timing Chain Table 4-2: Description of Drive and Timing Chain Parts Table 4-3: Description of Components of Drive and Timing Chain Table 6-1: Rationale and Description of India Drive and Timing Chain Market Size on the Basis of Revenue, FY’2012 – FY’2017 Table 7-1: Rationale and Description of India Drive and Timing Chain Market Segmentation by Type of Chains on the Basis of Revenue, FY’2017 Table 7-2: Rationale and Description of India Drive and Timing Chain Market Segmentation by Vehicles (Two Wheeler, Four Wheeler and Others) on the Basis of Revenue, FY’2017 Table 7-3: Rationale and Description of India Drive and Timing Chain Market Segmentation by OEM & Aftermarket on the Basis of Revenue, FY’2017 Table 7-4: Rationale and Description of India Drive and Timing Chain Market Segmentation by Market Structure (Organized & Unorganized Markets) on the Basis of Revenue, FY’2017 Table 7-5: List of Major Players in India Drive and Timing chain Unorganized Market Table 7-6: Rationale and Description of India Drive and Timing chains Market Segmentation by Sectors (Automotive & Industrial) on the Basis of Revenue, FY’2017 Table 9-1: India Drive and Timing chain Market Export Value by Major Destinations (USA, Germany, France, Italy, Japan and Others) in INR Million, FY’2015 - FY’2016 Table 9-2: India Drive and Timing chain Market Import Value by Major Destinations (China, Thailand, Germany, Japan, Italy and Others) in INR Million, FY’2015 - FY’2016 Table 9-3: Custom Duties on Automotive Timing Chains in India Table 10-1: Current Demand and Projections for Drive and Timing Chains in Two Wheeler Segment in India, FY’2011–FY’2019 Table 11-1: Sales of Top 10 Scooter Brands in Indian Domestic and Exports Market on the Basis of Volume in Number of Units, FY’2016-FY’2017 Table 12-1: Porter's Five Forces Analysis for India Drive and Timing chain Market

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India Drive and Timing Chain Market Outlook to 2022

Table 13-1: Assumptions for setting up a Drive and Timing chain Manufacturing Plant in India Table 13-2: Implementation Schedule for Setting up a Drive and Timing chain Manufacturing Plant in India Table 13-3: Land Requirement for Setting up Drive and Timing chain Manufacturing Plant in India in SQM & INR Table 13-4: Machinery Requirement for setting up a Drive and Timing chain Manufacturing Plant in India in INR Table 13-5: Manpower Requirement and Monthly Expenditure on Employees’ Salary for a Drive and Timing chain Manufacturing Plant in INR Table 13-6: Raw Material Cost Analysis for a Drive and Timing chains Manufacturing Firm in India in INR per Month Table 13-7: Other Cost Components of Setting up Drive and Timing chain Manufacturing Plant in India in INR per Month Table 13-8: Working Capital Analysis for setting up a Drive and Timing chain Manufacturing Plant in India Table 13-9: Working Capital Requirements for setting up Drive and Timing chain Manufacturing Plant in India in INR per Month Table 13-10: Financial Requirement for setting up Drive and Timing chain Manufacturing Plant in India in INR Table 13-11: Means of Finance for Setting up a Drive and Timing chain Manufacturing Plant in INR Table 13-12: Annual Cost of Production for Setting Drive and Timing chain Manufacturing Plant in INR Table 13-13: Annual Cost of Production for Setting Drive and Timing chain Manufacturing Plant in INR Table 13-14: Profitability Analysis for setting up Drive and Timing chain Manufacturing Plant in India Table 14-1: Performance Requirement and Tests for Drive and Timing chain manufacturing in India Table 14-2: ANSI Standards for Two Wheeler Chains Table 14-3: Principal Chain dimensions, measuring forces, tensile strengths and dynamic strength values (Part 1) Table 14-4: Principal Chain dimensions, measuring forces, tensile strengths and dynamic strength values (Part 2) Table 14-5: Test Procedures as per ISO 15654 Table 14-6: Required Sample Size for Staircase Test Table 14-7: Principal Chain dimensions, measuring forces, tensile strengths and dynamic strength

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India Drive and Timing Chain Market Outlook to 2022

Table 15-1: Description of Market Share of Major Players in India Drive and Timing chain Market, FY’2016 Table 15-2: Market Share of Major Players in India Drive and Timing chain Market on the Basis of Revenue in INR Billion, FY’ 2016 Table 16-1: Competition Scenario in Organized and Unorganized Sector in India Drive and Timing chain Market Including OEM/Aftermarket, Revenues, Clientele, Production Plants and Types of Drive and Timing chains Table 17-1: Company Profile of L.G. Balakrishnan & Bros Limited Including Company Overview, USP, Business Strategies, Mergers and Acquisition, Product Portfolio, Major Clients in Domestic Market, Major Export Destinations, Number of Employees, EBITDA, Revenues, Market Share in Drive Chain for Two Wheeler and Others Table 17-2: L.G. Balakrishnan & Bros Ltd. Manufacturing Facilities Table 17-3: Product Line Segmentation for L.G. Balakrishnan & Bros Ltd., FY’2016 Table 17-4: Company Profile of Tube Investments of India Including Company overview, USP, Business Strategies, Product Portfolio, Range of Products, Production Capacity Major Divisions of TII, Global Presence, Manufacturing Plants in India, Revenue from Metal Forming Products, Revenue from Drive and Timing chains Table 17-5: Timeline for TIDC India Table 17-6: Rockman Industries Company Profile Including Company Overview, USP, Company Strategies, Product Portfolio, Plant Location, Production Capacity, Export Markets, Network, Major Clients, International Market Clients, Number of Employees, Rockman Industries Revenue, Revenue from Drive and Timing chains Table 18-1: Rationale and Description of Future Outlook of India Drive and Timing chain Market on the Basis of Revenue, FY’2017 – FY’2022 Table 18-2: Rationale and Description of Future Outlook of India Drive and Timing chain by Major Applications on the Basis of Revenue, FY’2022 Table 18-3: Rationale and Description of India Drive and Timing chain Market Future Outlook by OEM & Aftermarket on the Basis of Revenue, FY’2022 Table 18-4: Major Investments and Government Initiatives in India Automobile Industry Table 18-5: New Car Launches Including Model, Type of Car Segment, Expected Price and Expected Launch Date in India, FY’2017-FY’2018 Table 18-6: Upcoming Two Wheelers Including Model, Expected Price and Launch Date, 2017-2018 Table 18-7: Analyst Recommendations for India Drive and Timing Chain Market

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India Drive and Timing Chain Market Outlook to 2022

Table 19-1: Rationale and Description of Two Wheeler Production in India, FY’2012 - FY’2022 Table 19-2: Rationale and Description of Three Wheeler Production in India, FY’2012-FY’2022 Table 19-3: Rationale and Description of Passenger and Commercial Vehicles’ Production in India, FY’2012-FY’2022 Table 19-4: Rationale and Description of Aluminum Price in India, FY’2012 – FY’2022

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July 2017

India Drive and Timing Chain Market Outlook to 2022 HOW IS INDIA DRIVING AND TIMING CHAIN MARKET POSITIONED?

Licenses: Single User: USD 1200 Hard Copy: USD 1600 Enterprise wide: USD 2400 Pages: 118 Related Reports Case Study-Premium Car Exchange Market in India- Focus on Audi, BMW and Mercedes with Concentration on Marketing Initiatives India Multi Brand Car Service Market Outlook to 2020 Used Car Sales and Expansion of Service Network to Drive Future India Used Two Wheeler Market Outlook to 2020 Rising Sales through Online Channels and Potential Entry of OEMs to Foster Growth

Automotive chain is an essential India auto chain market caters link used to transmit energy from to the demand of two major the engine to the rear driving segments- OEMs and the (replacement) wheel via sprockets. Auto chains aftermarket are majorly used in motorbikes, segment. In terms of revenue, commercial vehicles, cars and a the auto chain market is wide variety of machines. dominated by OEMs, owing to Automotive chains vary in size, bulk purchasing power and compatibility with depending upon the power to be better The aftermarket transferred. Automotive chains vehicles. include drive chains and cam or segment has been growing at an timing chains. Drive chains are alarming rate owing to the rapid majorly used to transmit the increase in sales of motorcycles power or energy to the wheels of and other vehicle and the the vehicle. Timing or cam chain reduced lifespan of transmission forms an integral part of the chains due to unfavorable road internal combustion engine, conditions in the country. Auto which aids in controlling the chains are majorly used in four wheelers, timing of engine valves. The motorbikes, length of the transmission drive LCVs and HCVs. In terms of chain depends on the type of revenue, the auto chain market vehicle and the engine. India auto escalated from INR ~ billion HOW INDIA ENGINE VALVES AND PARTS MARKET IS chain market is dominated by 3 during FY’2012 to INR ~ billion POSITIONED? major players- L.G. Balakrishnan during FY’2017 at a CAGR ~% & Bros Limited, Tube Investments during FY’2012 – FY’2017. of India and Rockman Industries.

INR Billion

Figure: India Drive and Timing Chain Market Size by Revenue in INR Billion, FY’2012-FY’2017

FY'2012

FY'2013

FY'2014

FY'2015

FY'2016

FY'2017

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India Drive and Timing Chain Market Outlook to 2022

INDIA AUTO CHAIN MARKET SEGMENTATION

By Chain Type: In terms of chain type, India auto chain market is divided into two major segments, namely- drive chain and cam chain. In FY’2017, drive chain segment has dominated the auto chain market, contributing ~% revenues to the overall Indian auto chain market.

Shorter lifecycle and the need for replacement have resulted in drive chains dominating the domestic market.

Cam chain segment incorporated ~% to the overall auto chain market revenue during FY’2017. Cam chains have better life cycle and they are also cheaper in comparison to drive chains.

By Vehicle Type: In terms of vehicle type, the auto chain market is segregated into three major segments, namely- two wheeler, four wheeler, and LCV, HCV and others. In terms of revenue and production, the two wheeler segment has dominated the overall auto chain market. The sale of auto chain for two wheelers accounted for ~% of the overall market revenues during FY’2017. The sale of auto chains for four wheelers accounted for ~% overall market revenues during FY’2017. During FY’2017, the sales of auto chain for commercial vehicles posted ~% revenue owing to rising tourism in the country.

Table: India Drive and Timing Chain Market Segmentation by Type of Chains, FY’2017

By OEM and Aftermarket Segment: The auto chain market, in terms of revenue is dominated by the OEM segment. The OEM segment has dominated the auto chain market, accounting for ~% of the revenue in the overall auto chain market during FY’2017. The aftermarket sales market contributed ~% to overall auto chain market revenues during FY’2017.

By Market Structure: In terms of market structure, the auto chain market is divided into two major segments, namelyorganized and unorganized market.

Organized players dominated the market by posting ~% of the overall market revenues during FY’2017. Unorganized market accounted for ~% of the overall revenue.

By Sectors: India auto chain market in terms of sectors is divided into two parts, namely- automobile sector and industrial sector. Automotive sector dominates the auto chain market owing to prominent use of drive and cam chains in automobiles. Auto chain sale for automotive sector accounted for ~% of the overall market revenues during FY’2017.

Auto chains for the industrial sector accounted for ~% of the overall auto chain market revenues during FY’2017.

Table: India Drive and Timing Chain Market Segmentation by OEM & Aftermarket, FY’2017 Segment

Segment

Drive Chain Cam Chain

Revenue in INR Billion

~ ~

OEMs Aftermarket

Revenue in INR Billion

~ ~

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India Drive and Timing Chain Market Outlook to 2022

TRADE SCENARIO OF INDIA AUTO CHAIN MARKET

TRENDS AND DEVELOPMENTS IN INDIA AUTO CHAIN MARKET

India auto chain export revenues witnessed unstable growth during the period FY’2011 – FY’2016, rising from INR ~ billion during FY’2011 to INR ~ billion during FY’2017 at a CAGR ~% during FY’2011 - FY’2016. Indian companies export auto chains to almost every part of the world but majorly to the developed countries namely- USA, Germany, France, Italy, Japan and others.

In terms of revenue, USA dominates the export market of auto chains owing to automobile industry being the largest manufacturing sector in the USA.

Motorcycle sales in Indian market is expected to grow positively owing to high economic growth, rise in disposable income and increased rural spending.

As the demand for motorbikes in India experiences a substantial growth India auto chain market will augment accordingly.

Indian companies also have strategic alliance with aftermarket suppliers for sales of auto chains under the OEM brand name. In recent years, the market size of the auto chains in aftermarket is escalating due to rapid growth in motorcycle sales.

As market penetration is increasing in India, demand for auto chains has been increasing exponentially.

India auto chain import market witnessed revenues rising from INR ~ billion during FY’2011 to INR ~ billion during FY’2016 at a CAGR ~% during FY’2011 – FY’2016. India is one of the leading manufacturers of automobiles in the world and to sustain market competition in both domestic and global markets; major players in the industry have been undertaking all possible cost cutting measures. China and Thailand accounted for ~% of the overall import revenue in India auto chain industry, majorly owing to achieving economies of scales, cheaper manufacturing costs and price competitiveness. Countries like Germany, Japan and Italy have advance technologies and the ability to achieve higher economies of scale, which enables them to cater to the needs of the foreign market.

ISSUES AND CHALLENGES High cost of logistics has huge impact on the supply chain because of India’s primary use of road transportation.

Logistics cost as a percentage of sales are about ~% higher in India in comparison to other Asian markets.

China has been a strong competitor to India in both the domestic as well as the international market. Lately, there has been a growing sense of insecurity among Indian manufacturers due to increasing penetration of Chinese goods into India.

Rising demand for scooters and increasing market penetration may negatively affect India auto chain market in future.

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India Drive and Timing Chain Market Outlook to 2022

MAJOR PLAYERS IN INDIA AUTO CHAIN MARKET

L.G. BALAKRISHNAN & BROS LIMITED

India auto chain market is dominated by three major players, namely- L.G. Balakrishnan & Bros Limited, Tube Investments of India and Rockman Industries.

L.G. Balakrishnan & Bros Limited is the largest auto chains manufacturer and distributor in India. In terms of revenue, LGB occupied ~% market share in terms of supplying drive chains to the Original Equipment Manufacturer (OEMs).

During FY’2016, the company domestic sales accounted for ~% of the overall revenues and exports accounted for ~% of the overall revenue from auto chains.

Tube Investment of India is the second largest player in the automotive chain market, manufacturing under brand name ‘Diamond’. The company accounted for ~% of overall auto chain market revenues in the country during FY’2016. The company has been expanding its presence in the aftermarket owing to increasing number of two wheelers in the country.

Rockman Industries Ltd. is the third largest manufacturer of auto chains in India posting ~% revenues in the auto chain industry. Rockman Industries is one of the major players in the industry owing to its low cost and high quality manufacturing.

Table: Company Profile of L.G. Balakrishnan & Bros Limited Including Company Overview, USP, Business Strategies, Mergers and Acquisition, Product Portfolio, Major Clients in Domestic Market, Major Export Destinations and Others Parameters Company Overview USP Management Mergers and Acquisition Product Portfolio Major Clients in Domestic Market Major Export Destinations Number of Employees EBITDA Key Statistics Revenues Revenue from Drive Chain Revenue from Aftermarket Revenue from Rolon Brand Rolon Sales in Aftermarket Export Revenue from Chain Domestic Revenue from Chains OEM Sales for Chain Replacement Sales for chain Revenue from two wheeler segment CAPEX Micro Strategies

Description ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

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India Drive and Timing Chain Market Outlook to 2022

INVESTMENT MODEL FOR SETTING UP AN AUTO CHAIN MANUFACTURING PLANT IN INDIA

FUTURE OUTLOOK OF INDIA AUTO CHAINS MARKET

Table: Assumptions for setting up an Auto Chain Manufacturing Plant in India Assumptions

Description

Number of Shifts Working Hours Per Shift Working Days per Annum Working Efficiency Time Period to Achieve Maximum Capacity Labor Charges Rate of Interest Production Capacity

~ ~ ~ ~ ~ ~ ~ ~

Table: Implementation Schedule for Setting up an Auto Chain Manufacturing Plant in India Implementation Schedule Preparation of Project Report Provisional Registration as SSI unit Financial Arrangements Procurement of Machinery and Equipment Installation of Machines and Equipment Electrification etc.

Recruitment of Staff Total

Description ~ ~ ~ ~

The future prospects of the automotive chain market in India are quite promising as the automobile production and investment is expected to increase in the coming years. India auto chain market is anticipated to grow at a positive CAGR of ~% during FY’2017 – FY’2022. Major growth drivers of the auto chain market include the implementation of GST, supported by ―Make in India’ initiative, and increasing demand for auto chains in the OEM & aftermarket. In terms of revenue, the domestic auto chain market is expected to grow from INR ~ billion during FY’2018 to INR ~ billion during FY’2022.

The aftermarket chain segment is projected to achieve significant growth in future on the grounds of two wheelers industry growth.

Figure: Future Outlook of India Drive and Timing Chain Market on the Basis of Revenue in INR Billion, FY’2018 – FY’2022

~ ~ ~ ~

Other important parameters such as land requirement, machinery requirement, manpower requirement, raw material cost and others have been computed

INR Billion

July 2017

FY'18 FY'19 FY'20 FY'21 FY'22

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India Drive and Timing Chain Market Outlook to 2022

COMPANIES CITED IN THE REPORT Companies Covered in the Report Major Players in India Auto Chains Market

List of Companies   

LG Balakrishnan Tube Investments Rockman Industries.

KEY FACTORS CONSIDERED IN THE REPORT   

Comprehensive analysis of India Auto Chains Market and its segments Listed major players and their positioning in the market Identified major industry trends and issues in last few years and assessed the future growth of the industry



Government regulations in India Auto Chains Market

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India Drive and Timing Chain Market Outlook to 2022

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