India has been a significant growth market for automotive technology companies over the past few decades. The country had a monopoly on the car market in the past, but now Indian car manufacturers are catching up and holding a large share of the market. While foreign car makers have been successful in the country, a few excellent Indian car manufacturing companies have also emerged. The automotive technology sector in India has become more innovative and global than ever.
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One of the leading automotive technology companies in India is Spicer India, which designs and manufactures mission-critical automotive components. It is the sole Indian supplier of a major North American Tier 1 supplier for CVs and PVs. It also has won numerous awards, including a Supplier Excellence Award from JLR and an Award of Excellence from Dana. This company specializes in supplying CVs, OHVs, and EVs.
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One of the biggest automotive technology companies in India is BHEL. Founded in 1995, the company manufactures and designs components that are critical for automobiles. The company is an innovative innovator, developing base software solutions and mechanical and electrical hardware systems. Its goal is to build the best car on the planet. Moreover, the company is one of the leading OEMs in starter motors. This makes it a good choice for an investment.
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