Market Research Report Roller Chain Suppliers in India,Production Drive C | Page 15

India Drive and Timing Chain Market Outlook to 2022 INVESTMENT MODEL FOR SETTING UP AN AUTO CHAIN MANUFACTURING PLANT IN INDIA FUTURE OUTLOOK OF INDIA AUTO CHAINS MARKET Table: Assumptions for setting up an Auto Chain Manufacturing Plant in India Assumptions Description Number of Shifts Working Hours Per Shift Working Days per Annum Working Efficiency Time Period to Achieve Maximum Capacity Labor Charges Rate of Interest Production Capacity ~ ~ ~ ~ ~ ~ ~ ~ Table: Implementation Schedule for Setting up an Auto Chain Manufacturing Plant in India Implementation Schedule Preparation of Project Report Provisional Registration as SSI unit Financial Arrangements Procurement of Machinery and Equipment Installation of Machines and Equipment Electrification etc. Recruitment of Staff Total Description ~ ~ ~ ~ The future prospects of the automotive chain market in India are quite promising as the automobile production and investment is expected to increase in the coming years. India auto chain market is anticipated to grow at a positive CAGR of ~% during FY’2017 – FY’2022. Major growth drivers of the auto chain market include the implementation of GST, supported by ―Make in India’ initiative, and increasing demand for auto chains in the OEM & aftermarket. In terms of revenue, the domestic auto chain market is expected to grow from INR ~ billion during FY’2018 to INR ~ billion during FY’2022. The aftermarket chain segment is projected to achieve significant growth in future on the grounds of two wheelers industry growth. Figure: Future Outlook of India Drive and Timing Chain Market on the Basis of Revenue in INR Billion, FY’2018 – FY’2022 ~ ~ ~ ~ Other important parameters such as land requirement, machinery requirement, manpower requirement, raw material cost and others have been computed July 2017 FY'18 FY'19 FY'20 FY'21 FY'22 © Licensed product of Ken Research; should not be copied 15