In general, the structured and unorganized segments of the Indian auto component business can be distinguished. While the unorganized sector mostly serves the aftermarket market and offers low-value products, the organized sector serves original equipment manufacturers (OEMs) and offers high-value precision instruments. By FY 15–16, the Indian auto component sector is projected to generate US$ 66 billion in revenue, with the potential to reach US$ 115 billion by FY 20–21. Furthermore, it is anticipated that industry exports will amount to US$ 12 billion by FY 15–16 and US$ 30 billion (or 26% of the market) by FY 20–21. With 38.1 percent of India’s auto component exports going to Europe, North America comes in second with 21% and Asia with 25%. Engine parts, drive transmission and steering parts, body and chassis parts, suspension and braking parts, equipment, electrical parts, and miscellaneous