IAC Group, Varroc Group., Faurecia are dominating the market for India Passenger Vehicle Interior Market in 2019

India Passenger Vehicle Interior Market is expected to grow at a healthy CAGR of 6.1% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.

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India passenger vehicle interior market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in India passenger vehicle interior market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in November 2018, Robert Bosch LLC. launched the new curved instrument cluster debuted in Volkswagen Touareg. It is a digital cockpit which contains curved instrument cluster which provides the reliability to the company. The cluster provides the option for the driver to select required features. Through this new product launch the company has strengthened their product portfolio and offering for market.

IAC Group is the dominating player in the passenger vehicle interior market and accounts the highest market share in 2019, which is followed by Varroc Group., Faurecia, Robert Bosch LLC., Continental AG, Varroc Group., Grupo Antolin, HELLA GmbH & Co. KGaA, NTF India Pvt. Ltd., Marelli Corporation, Injectoplast, Visteon Corporation, Samvardhana Motherson Group, TACHI-S., Lear Corporation. and PPAP, among others.

IAC Group

IAC Group, headquartered in Findel, Luxembourg was founded in 2006. The company performs its solutions segments such as Instrument Panels, Cockpit Systems, Door Trim Systems, Overhead & Headliner Systems.

• In August 2018, IAC Group expanded their business in Indian market by introducing new manufacturing plant which is located in Manesar, Haryana. The plant consists of investment of USD 2 million dedicated to produce center console systems, vehicle headliners and instrument panel components. Through this the company increased their production capability as well as presence in Indian market.

The company has wide global presence across the globe such as North America, Europe, Africa & Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such as International Automotive Components Group GmbH (Germany), International Automotive Components Group North America Inc (U.S.).

Varroc Group.:

Varroc Group, headquartered in Aurangabad, India was founded in 1990. The products offered by the company are Polymer, Electrical-Electronics, Metallic, Varroc Lighting Systems.

For instance,

• In April 2017, Varroc Group received an award at the Clean & Green India 2016 event conducted in Mumbai. The company was working on green initiatives in Aurangabad plant for which they has been awarded as environmental youth of the year 2016. Such awards helped the company to increase the brand value as well as presence in Indian market.

The company has wide global presence across the globe such as Europe, Asia, Brazil, U.S. and Mexico. In addition to it, the company also generates its revenue from the various subsidiary companies such as BoVarroc Polymers Private Limited (India), Durovalves India Private Limited (India), Varroc Lighting Systems Private Limited (India), Varroc European Holding B.V. (Netherlands), and Aries Mentor Holding B.V. (Netherlands), among others.

Faurecia

Faurecia is headquartered in Nanterre, France and it was founded in 1914. The company offers innovative automotive solutions for vehicles such as interiors, clean mobility, electronics and seating.

• In June 2018, Faurecia showcased their newly developed Intuition cockpit at ACMA Value Chain Summit conducted at Gandhinagar, Gujarat. The new cockpit solution contains centre console, entire dashboard, integrated instrument panels and other components. Through this the company demonstrated their product offering as well as informed potential customers.

The company has presence in Europe, North America, Asia, South America, South Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Faurecia Argentina S.A. (Argentina), Faurecia Innenraum Systeme GmbH (Germany), Faurecia Emissions Control Technologies GmbH (Germany), Hug Engineering GmbH (Germany), Faurecia Interior Systems Pretoria (Pty), Ltd (South Africa) and others.

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