Market Share of India Electro Hydraulic Power Steering Industry
The electro-hydraulic power steering market in India is highly competitive, with several automotive component suppliers trying to enter into the highly potential Indian automotive market. The prominent players in the market are JTEKT Corporation, Hitachi Automotive SystemsLtd., and ZF TRW Automotive Holdings Corp.. Recently, JTEKT Corp. merged its two local units in India to increase its revenue share from India. JTEKT India started manufacturing automotive steering systems with India’s Sona Group in 1985 ,and it was one of the first component suppliers to Maruti Suzuki India Ltd. Automakers in India have shifted their focus towards R&D andurged their suppliers to increase their investment in R&D to keep pace with the changes in the automotive industry.
India Electro Hydraulic Power Steering Market Leaders
JTEKT Corporation
Hitachi Automotive Systems Ltd
ZF TRW Automotive Holdings Corp.
Danfoss
Denso Corporation
*Disclaimer: Major Players sorted in no particular order
