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The complex logistics chain in the automobile sector requires a specialist. Everprime Shipping can work with original equipment manufacturers (OEMs) and suppliers to ensure all spare parts and machinery reach you in time. We offer efficient transport services and transhipment between the various modes of transport along with documentation.
India is well poised to emerge as the destination of choice in the world for design and manufacture of automobiles and auto components with output reaching a level of US$ 145 billion; accounting for more than 10 per cent of the GDP.
The Indian passenger car market is expected to reach four million units by 2020, up from 1.8 million units in 2013-14. The Indian auto industry is one of the largest in the world with an annual production of 21.48 million vehicles in FY 2013-14.
The rapidly globalising world is opening new avenues for the transportation industry, generating the need for more efficient, safe and reliable modes of transportation, which is subsequently adding to the auto component industry’s growing opportunities.
The Indian auto component industry is set to become the third largest in the world by 2025.Exports potential could be increased by up to four times to US$ 40 billion by 2020.
Major export market – Europe (22% share in textiles & 43% share in apparel).
Single largest buyer – US ( 10% share in textiles and 32.65 share in apparel).
Other major export markets include - UAE, Saudi Arabia, Canada, Bangladesh, China, Turkey and Japan.
Largest export segment – Readymade Garments (45% share in textile exports and 8.25 share in India's total exports).
In the near future, India's apparel exports to developed markets are expected to increase considerably. India has the potential to increase its textile and apparel share in the world trade from 4.5 per cent to eight per cent and reach US$ 80 million by 2020.