The Indian auto components sector is likely to grow five times to $110 billion in the next decade.

Analysts in the automotive field have said the auto components sector in India will be expected to provide employment to about 41 million skilled people, helping to add to 3.6% to India's gross domestic product by 2020.

About $80 billion of investment for tooling up component industries will come from India.

The Indian vehicles industry has recently increased by about 30%.