The Automobile Components and Spares industry not only caters to Indian automobile manufacturing companies but also exports its products abroad. The approximate monetary value of Indian automobile components exports in 2011 was 19 billion US Dollars. The Indian Automobile Components and spares industry is highly disorganised and fragmented. Approximately 400 companies belong to the Original Equipment Manufacturers (OEM) category. Other Companies (about 10,000 of them) operate in the Unorganised Sector.
The Indian Automobile spare parts manufacturing sector possess a distinct commercial advantage over its global counterparts. The lure of abundant availability of raw material, technically skilled workplace and relatively lower labour costs have compelled many foreign companies to invest heavily in India. Most of the automobile spare parts companies are proximate to the main car assembly plant.