Q. What is the meaning of auto ancillary?
"Curious Automotive Guy "
What is the meaning of auto ancillary?
Related to automobile sector
3 Answers
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answered by jackbacha2
Auto ancillary industries are very much closely linked to Automobile Industries. The Indian Auto Ancillary industry is one of the most important and key industries in India with higher growth prospects. This industry is a most important segment of the economy in a country as it bridges many services and industries. Mostly Demand of Autoancillary industries Comes from OEM’s (Original Equipment Manufacturers) and from Replacement Market.
Some Examples of Autoancillary industries are:
1. Tyre industries
2. Battery
3. Brakes and Suspension
4. Axles
5. Gears
6. Engines
7. Autoparts
8. Electrical parts
9. Drive and Transmission
10. Body and Chassis ,etc.Some Examples of OEM’s are:
1.Two Wheeler (Honda,Hero, RE, TVS, etc)
2. Three Wheeler( Atul, Piaggio, Bajaj,etc)
4. Four Wheeler ( Hyundai, Maruti,Mahindra,Renault, Ford, BMW, Mercedes,etc)
5. Commercial Vehicles ( Bharatbenz, TATA Motors, Volvo Eicher, Ashok Leyland,etc)answered by tonystark
Auto ancillary industry means the industry closely link to the Automobile Sector. Mostly, the Demand Swings in any of these segments (i.e. Cars, Two Wheelers, Commercial Vehicles) which will impact on Auto ancillary demand. Demands always generates from OEM ( Original Equipment Manufacturers) as well as the Replacement Market. These Auto ancillary industries are Called Tier 1 Company, which is the most important member of a supply chain, supplying Components directly to the OEM that set up the Chain. And Tier 2 supplier supplies to Teir 1.
I tried my best to explain the meaning of Auto Ancillary in the simplest way. I hope this helps.
answered by karmesh