COMPONENT MANUFACTURING INDUSTRY MAIN PRO1ECT Submitted to the SRM SCHOOL OF MANAGEMENT In partial fulfillment of the requirements for the award of the degree of MASTER OF BUSINESS ADMINSTRATION By ASWIN Under the guidance of Ms. Nisha Ashokan Asst.!rofessor "S.#$ SRM SCHOOL OF MANAGEMENT SRM UNIVERSITY KATTANKULATHUR 603 203 SRM SCHOOL OF MANAGEMENT CHENNAI -603203 %epartment of Management studies FINAL PRO1ECT REPORT MARCH 1 ST , 2014 TO APRIL 30 TH , 2014 &his is to certify that the pro'ect entitled A STUDY ON COMPETATIVE ANALYSIS OF MECAPLAST (INTERIOR PARTS) IN AUTO COMPONENT MANUFACTURING INDUSTRY Is the bonafide record of pro'ect work done by Aswin Kumar S Register No: 3511210181 of MAS&() IN BUSIN(SS A%MINIS&)A&I*N during the year +,-+ . +,-/ 0000000000000000000000 00000000000000000000000000000000000 !ro'ect #uide 1ead of the %epartment Submitted for the !ro'ect 2i3a02oce e4amination held on 0000000000000000000000000 0000000000000000000000 Internal (4aminer (4ternal (4aminer SRM University Page + CONFIRMATION LETTER
SRM University Page 5 COMPLETION CERTIFICATE SRM University Page / DECLARATION I affirm that the pro'ect work titled A STUDY ON COMPETATIVE ANALYSIS OF MECAPLAST (INTERIOR PARTS) IN AUTO COMPONENT MANUFACTURING INDUSTRY being submitted in partial fulfillment for the award of MBA (Master of Business Administration) is the original work carried out by me. It has not formed the part of any other pro'ect work submitted for award of any degree or diploma either in this or any other Uni3ersity. "Signature of the 6andidate$ Aswin 7umar S 58--+-,-9- SRM University Page 8 ACKNOWLEDGEMENT &he materiali:ation of this report has witnessed innumerous contributions from numerous people in the form of selfless criticism 3aluable suggestions and abo3e all power packed words of moti3ation. I would like to e4press my sincere thanks to %r.;ayashree Suresh %ean S)M School of Management 6hennai who has been generous in pro3iding all necessary facilities in carrying out Master of Business Administration program. I am grateful to %r. 2.M.!onniah Academic Associate S)M School of Management for his constant support throughout the duration of study. I would like to e4press my sincere thanks and gratitude to my internal guide Ms. Nisha Ashokan Asst.!rofessor "S.#$ S)M School of Management 6hennai for his timely and 3aluable help for the successful completion of the pro'ect. I wish to take this opportunity to thank Mr. A. Senthil )a'a Manager Marketing < Sales Mecaplast 6hennai for his profound guidance and encouragement throughout the pro'ect. I e4press my gratitude to my belo3ed parents for their constant encouragement during the period of my pro'ect work. SRM University Page = ABSTRACT &he study has been taken on the topic >A Study on competiti3e analysis of Mecaplast "Interior !arts$ in Auto component manufacturing industry to analy:e the competiti3e position of Mecaplast the strength and weakness of its competitors and identifying the areas which require attention to impro3e their ser3ice. &his paper analyses the determinants of competiti3eness of Mecaplast in auto industry sector o3er their competitor based on an obser3ation through Internet and a quantitati3e analysis of secondary data. &he collected data was analy:ed using 3arious tools like 6ompany profile Matri4 )ank Matri4 S?*& Analysis !roduct matri4. And the results were represented in 6harts for better understanding. Based on the findings suitable suggestions were pro3ided. TABLE OF CONTENTS SRM University Page @ S. No TITLE PG.N O 1 Confirmation Letter 3 2 Completion Certificate 4 3 Declaration 5 4 Acknowledgement 6 5 Abstract 7 6 List Of Tables 9 7 List Of Figures 10 8 List Of Abbreviation 10 9 CHAPTER - 1 11 10 Introduction 12 - 21 11 )e3iew *f Aiterature 21 - 23 12 *b'ecti3e *f Study 23 13 Scope 24 15 Significance *f &he Study 24 16 Aimitation 24 17 CHAPTER - 2 25 18 6ompany !rofile 26 -33 19 Industry !rofile 33 -35 20 CHAPTER - 3 36 21 )esearch Methodology 37 -38 22 CHAPTER - 4 39 23 %ata Analysis and Interpretation 40- 60 24 CHAPTER - 5 61 25 Bindings 62 26 Suggestions 63 27 6onclusion 63 28 Bibliography 64 LIST OF TABLES SRM University Page 9 &ABA( No. &I&A( *B &1( &ABA( !#.N* -.- Shows International &rade of Ma'or Auto 6omponent +- +.- )e3enue in MCD?orkforce 5, /.- Showing In'ectoplast 6ompany profile matri4 in India /, 0/- /.+ Showing 2isteon 6ompany profile matri4 in India /+ 0/5 /.5 Showing !olyplastics 6ompany profile matri4 in India /5 0// /./ Showing Montaplast 6ompany profile matri4 in India /8 /.8 Showing Mecaplast 6ompany profile matri4 in India /= 0/@ /.= Showing In'ectoplast 6ompany profile matri4 in #lobal /@ 0/9 /.@ Showing 2isteon 6ompany profile matri4 in #lobal /9 0/E /.9 Showing Montaplast 6ompany profile matri4 in #lobal /E 08- /.E Showing Mecaplast 6ompany profile matri4 in #lobal 8- 08+ /.-, Showing the )anks < F for Mecaplast o3er their competitor in Indian )egion 8/ /.-- Showing the )anks < F for Mecaplast o3er their competitor in #lobal 8= /.-+ 6riteria for )ank Matri4 8@ /.-5 S?*& analysis for In'ectoplast 8@ /.-/ S?*& analysis for 2isteon 89 /.-8 S?*& analysis for !olyplastics 89 /.-= S?*& analysis for Montaplast 8E /.-@ S?*& analysis for Mecaplast 8E /.-9 !roduct Matri4 =, LIST OF FIGURES S No. &I&A( !#.N* -.- )epresents Auto 6omponent &urn0o3er in India -8 -.+ )epresents 0 Automoti3e 6omponent Market Share in India -@ SRM University Page E +.- )epresents Mecaplast group *3er3iew +9 +.+ )e3enue by !roduct line 5, +.5 6ustomers 5- +./ 6hennai !lant 58 +.8 Interior !arts 58 /.- Showing the )anks < F for Mecaplast o3er their competitor in Indian )egion 8/ /.+ Showing the )anks < F for Mecaplast o3er their competitor in #lobal 8= LIST OF ABBREVIATIONS S. No. ABB)(2A&I*NS - A6MA 0 Automoti3e 6omponent Manufacturers of India + ;2 0 ;oint 2enture 5 )<% 0 )esearch < %e3elopment CHAPTER - 1 0 INTRODUCTION 0 REVIEW OF LITERATURE SRM University Page -, 0 OB1ECTIVES 0 SCOPE 0 SIGNIFICANCE 0 LIMITATIONS INTRODUCTION Market Overview - &he Indian automoti3e component industry is small in si:e compared to the world market "IN)@/,,,, 6rores$. &he industry has been e4periencing a high growth rate of +@ percent o3er the period +,,-0,= and is e4pected to grow at a rate of -5 percent o3er the period +,,=0-/. &he quality of components made in India has impro3ed significantly in the last decade and about -- Indian auto component companies ha3e won the %eming pri:e so far. India is estimated to ha3e the potential to become one of the top fi3e auto component economies by +,+8. Export Scenario - In +,,=0,@ automoti3e component e4ports from India were worth IN) --+,, 6rores and are e4pected to reach IN) 9/,,, 6rores in +,-=. ?hile growth rate of e4ports has been 59 percent during +,,+0,= the e4port is e4pected to grow by +/./ percent during +,,=0-8. India e4ports a 3ast range of automoti3e chassis and components. &he ma'or component categories that ha3e shown a healthy growth in e4ports are 3ehicle components and accessories transmission shaft and cranks dri3e a4les starter motors generators and bumpers. &he SRM University Page -- dri3ing force behind IndiaGs growing automoti3e components e4ports in the past has been higher e4ports by Indian subsidiaries of global *(Ms and tier0I manufacturers. Key Product Categories and Segments for Exports - &he engine components segment is technology and capital intensi3e and is likely to be dominated by the e4isting ma'or firms in the short to medium term. (ngine technology is e4pected to mo3e towards superior design "for optimal fuel consumption and lesser emission$ thus access to such technologies will be limited to the e4isting ma'or firms. Among dri3e transmission and steering components the steering systems are among the critical components of a four0wheeler. &he capital and technology intensi3e nature of the segment acts as an entry barrier for companies in the unorgani:ed segment Major Characteristics - &he Indian auto component industry is a thrust sector for India. &he direct employment generated by the medium and large firms in the organi:ed sector is +.8 lakhs. In terms of location o3er @, percent of the automoti3e components companies are situated in either the northern or western regions. %elhi !une and 6hennai ha3e traditionally been the most important clusters for the automoti3e components segment in India. &he industry has 8,, medium and large key participants in auto components in the organi:ed sector along with =,,, ancillary units. &he unorgani:ed sector predominantly caters to the aftermarket. Manufacturers in this sector operate independently with little in3estment and on a small scale. &hey generally produce components based on copied drawings and their quality is below a3erage. Most components required by the Indian automobile industry are manufactured locally. Import dependence is estimated to the tune of -5.8 percent of the domestic demand. Background - SRM University Page -+ &he Indian auto component industry is balanced in its contribution at components le3el like engine parts "5-F$ dri3e transmission and steering parts "-EF$ body and chassis "-+F$ suspension and braking parts "-+F$ equipmentGs "-,F$ electrical parts "EF$ and other components "@F$. &he auto component industry is capable of producing high quality products at low cost. &he industryGs initiati3e in setting up world class shop floor practices and quality practices ha3e helped them to be recogni:ed as a force to reckon with in the auto component suppliersG league. Ma'or automobile companies all o3er the world are sourcing products from Indian auto component manufacturers. &he Indian auto component manufacturers ha3e made their presence felt in all product categories. Auto Component Industry in India: An Overview Introduction - &he Indian automoti3e components industry has emerged as one of IndiaHs fastest growing manufacturing sectors and a globally competiti3e one. &he total global auto components trade was worth IN) @/,,,, 6rores in +,,=0+,,@ and is e4pected to grow to IN) @,,,,,, 6rores in +,-8. &he auto component sector in India generated sales of about IN) =,,,, 6rores in +,,=0,@. &he A6MA0Mc7insey 2ision +,-8 document estimates the potential for the Indian auto component industry to be IN) -=,,,, 6rores to IN) -9,,,, 6rores by +,-=. In +,,=0,@ automoti3e component e4ports were worth IN) --+,, 6rores and e4pected to reach IN) @+,,, 6rores in +,-8. &he industry has been e4periencing a high growth rate of +@ percent o3er the period +,,-0,= and is e4pected to grow at a rate of -5 percent o3er the period +,,=0-/. Similarly while growth rate of e4ports has been 59 percent during +,,+0,= the e4ports are e4pected to grow by +/./ percent during +,,=0-8. &he quality of components made in India has impro3ed SRM University Page -5 significantly in the last decade and -- Indian auto componentsG companies ha3e won the %eming pri:e so far. India is estimated to ha3e the potential to become one of the top fi3e auto component economies by +,+8. Total Automotive Component Market in India - Indian automoti3e components are now part of many ma'or markets in North America and (urope. Around @, percent of these are e4ported auto components bought by global ma'ors such as #eneral Motors Bord Motor and %aimler "formerly %aimler6hrysler$ among others. India has a strong auto component base for 3arious mechanical electrical and electronic components. Many auto component companies are home grown and ha3e a strong background. ?hen Maruti Udyog started operations many ;apanese companies formed 'oint 3entures with companies in India and also set up world class manufacturing facilities in India. Many Indian companies through their association with Maruti upgraded all facets of their business including producti3ity quality and deli3ery systems among others. (ntry of many multi0national 3ehicle manufacturers from 7orea (urope and US in India from -EE8 onwards enabled global component suppliers to enter India in a big way. Bigure . -.-I )epresents Auto 6omponent &urn0o3er in India +,,- . +,,= "(4pected &urno3er by +,-=$ SRM University Page -/ Market overview - IndiaHs component industry has achie3ed the capability to manufacture the entire range of auto components such as engine components dri3e and transmission components suspension and braking components electrical components and body and chassis components. (ngine components make up nearly a third of all e4ports of auto components from India. &he automoti3e component industry caters to three broad categories of the marketI -$ *riginal equipment manufacturers "*(M$ or 3ehicle manufacturers comprise +8 percent total demand +$ )eplacement market that comprises =8 percent of the total demand SRM University Page -8 5$ (4port market that comprises primarily of international tier0I suppliers and constitutes -, percent of total demand
&he key segments of the Indian automoti3e0component market includeI Engine components (31 percent): (ngine components fall into three broad categoriesJ core engine components fuel deli3ery system and others. &his also includes products such as pistons piston rings engine 3al3es carburetors and diesel0based fuel deli3ery systems. &his is the most critical component and requires high in3ol3ement from the supplier. Drive transmission and steering components (19 percent): #ears wheels steering systems a4les and clutches are the important components in this category. Body and chassis (12 percent) Suspension and braking components (12 percent) 0 &hese include brakes leaf springs shock absorbers Equipment (10 percent) 0 &his includes headlights dashboard instruments Electrical components (9 percent) 0 &he main products in this category include starter motors generators spark plugs and distributors. Others (7 percent) 0 Sheet metal components and plastic molded components are two of the ma'or components in this category. SRM University Page -= Bigure . -.+I )epresents 0 Automoti3e 6omponent Market Share in India Characteristics of the Indian Automotive Components Industry - Thrust sector of India &he Indian auto component industry is a thrust sector in India. &he direct employment generated by the medium and large firms in the organi:ed sector is +8,,,, man0years. Geographical spread of the industry In terms of location o3er @, percent of the automoti3e components companies are situated in either the northern or western regions. N6)D %elhi !une and 6hennai0Bangalore ha3e traditionally been the most important clusters for the automoti3e components segment in India. ?ith &ata setting up its manufacturing unit in Singur ?est Bengal and its e4isting manufacturing base in ;harkhand eastern regions is likely to emerge as an equally important cluster. Low volume and fragmented industry &here are o3er 8,, small medium and large players in auto components in the organi:ed sector along with =,,, ancillary units. Most of these companies in India are family0owned businesses. &he unorgani:ed sector predominantly caters SRM University Page -@ to the aftermarket. Manufacturers in this sector operate independently with little in3estment and on a small scale. Low import dependence Most components required by the Indian automobile industry are manufactured locally. Import dependence was estimated to the tune of -5.8 percent of the domestic demand for the year +,,@. Imported automoti3e components include special steels and materials or high precision engineering components such as gearbo4es. Competitive Structure Aeading manufacturers from across the globe ha3e initiated steps for de3eloping a 3endor base in India by in3iting their suppliers to set up manufacturing companies here. Aeading automoti3e component companies such as Aear 6orporation %elphi 2isteon Mando KB Steering and %enso ha3e a strong presence in India and cater to the *(M and the aftermarket. Some of the ma'or domestic automoti3e components manufacturing groups in India include the &2S )ane Amalgamations 7alyani Sona )ico Minda Amtek among others. &he two0wheeler market is the largest 3olume segment in India and automoti3e component companies in this segment ha3e well0 de3eloped technology and quality systems in place. Many auto component companies apart from catering to the domestic demand also ha3e strong e4port operations. It is estimated that -8 to +8 percent of the turno3er of many large0si:ed Indian auto component manufacturer is accounted for by e4ports. A significant trend in the last +05 years is the interest shown by 3ehicle manufacturers and global tier0I companies in procuring components from India. &he SM( players in the auto components sector are formally organi:ed under the auto component manufacturers association "A6MA$. Many SRM University Page -9 companies present in India as in0house 3endors of 3ehicle manufacturers are not part of A6MA and are estimated at nearly -+8 in number. A large number of auto component companies cater e4clusi3ely to the aftermarket and are unorgani:ed in nature and these are estimated at 5@8. &he engine and transmission components account for about 8, percent of the component output in India. &he engine components account for 5- percent of the total automoti3e component production output and transmission and steering components account for -E percent of the output. All engine and transmission components like engine block piston 3al3es camshaft crankshaft gears and casings are manufactured locally. 6ompanies in India possess well0established foundries for forged and cast components and are globally competiti3e. &he quality consciousness of the industry matches the global standards. &his is corroborated by the fact that ele3en Indian companies in the automoti3e industry ha3e recei3ed the co3eted %eming !ri:e which is the largest number outside ;apan. &he auto component suppliers are also embracing modern shop floor practices like 80S @0? 7ai:en &otal Luality Management =0Sigma and Aean Manufacturing as they graduate to match with world0class industry. A large number of firms in this industry are also recipients of quality certificates like IS*0E,,, &S0-=E/E LS0E,,, IS*0-/,,- and *1SAS0-9,,-. Global Overview &he global auto component industry is e4pected to touch IN) @,,,,,, 6rore by +,-8 of which around /, percent "IN) +9,,,, 6rore$ is e4pected to come from low cost countries including India. Global Market Dynamics SRM University Page -E &he worldHs leading automoti3e and auto component manufacturers continue to in3est in production facilities in emerging markets in order to reduce production costs. &hese emerging markets include Aatin America 6hina Malaysia and other markets in South (ast Asia. &he world automoti3e industry in its early stages of de3elopment was concentrated mainly in de3eloped countries like U.S. ;apan etc. As the automobile industry became more and more standardi:ed the production base of most of large auto companies is shifting from the de3eloped countries to de3eloping countries. Standardi:ation makes production more profitable in de3eloping countries due to low cost of labour. &hat is why countries like India &hailand and 6hina today are the main production bases for many multinational automobile companies. Dynamics of International Trade &he dynamics of international trade in automoti3e sector has attracted the attention of economists and policy makers to formulate trade strategy. Automoti3e trade has been influenced both by liberali:ation as well as protectionism. Table - 1.1: Shows International Trade of Major Auto Component Producing Countries (4ports of auto components from countries such as ;apan 7orea and #ermany are gradually increasing in comparison to the e4ports from U.S.A. SRM University Page +, 6hina and &hailand ha3e emerged as ma'or competitors to India in the global e4ports market. REVIEW OF LITERATURE 6ompetiti3e analysis is a process used in the formulating of strategic plans in most organi:ation. 2ery often it Ms adopted due to its rational process of making long0term strategies. According to Stacey "-EE=$ the rational prescriptions of making strategies are concerned first of all with formulating and selecting strategic plans according to gi3en rational criteria. &his is a procedure for identifying a specific acceptable strategy for each indi3idual organi:ation determined by its own particular circumstances. In any competiti3e analysis industry structure analysis Ms una3oidable. &he first step in analy:ing industry structure is to define the market "or industry$. A market as pointed out by Stacey Ms an interaction between a grouping of customers who ha3e similar requirements of a particular good or ser3ices on the one hand and a strategic group of competitors competing to meet those requirements on the other hand. &he boundary around a market is defined in terms of similarities in what is demanded and in terms of the closeness of the competition. Sometimes it might be necessary to break this market down further to enable a more detail analysis. 1a3ing defined the market$ the ne4t step in the analysis is to identify the structure of that market. It is 3ery common to achie3e this by analy:ing the e4ternal factors which may affect the market. ?e can do this by analy:ing the >Bi3e 6ompetiti3e Market BorcesN as termed by !orter "-E9,$. &hese competiti3e forces comprise of &hreat of new entrants %egree of ri3alry between firms &hreat of substitutes bargaining power of suppliers and bargaining power of buyers. !orterGs work built SRM University Page +- on the structure conduct and performance paradigm of industrial organi:ation economics. &he essence of the model is that the structure of a market determines the state of competition within the market and sets the conte4t for companyGs conduct that is their strategy. Most important structural forces "the fi3e forces$ determine the a3erage profitability of the market and ha3e a correspondingly strong impact on the profitability of indi3idual corporate strategies. In short the competiti3e forces determine the relati3e market power of competitors the kind of competition they engage in the factors that gi3e some of them a competiti3e ad3antage and the relati3e attracti3eness of that market compared to others Analy:ing the forces and making 'udgments on their relati3e importance should lead managers to see how they can deal with and influences the forces thus identifying the competiti3e ad3antage. ?hen we analy:e the structure of a market we are identifying the position a firm should occupy and the posture it should adopt to generate acceptable performance. &he purpose of identifying a marketGs structure and the sources of competiti3e ad3antage it causes is to draw conclusions about strategies that will match or fit the en3ironment "6ourtney 7irkland and 2iguerie -EE@$. Strategy itself has largely been shaped around the framework first concei3ed by Andrews "-E@-$. Andrew defined strategy as the match between what a company can do "organi:ational strength and weaknesses$ within the uni3erse of what it might do "en3ironment opportunities and threats$. Based on such framework the managers need to demonstrate that strategies recommended fulfill a strategic logic. Strategic logic means that a proposed sequence of actions is consistently related to the ob'ecti3es of the organi:ation and yet matches the organi:ationGs capability to its en3ironment. &herefore in SRM University Page ++ order to achie3e this 3arious analytical techniques to determine the strategic logic of a sequence of actions ha3e been prescribed. &hey include S?*& Analysis Aife 6ycle Analysis !ortfolio Analysis Industry Structure and 2alue 6hain Analysis and more recently the 1AO Methodology. OB1ECTIVES OF THE STUDY A study about market conditions of Indian Automoti3e Industry &o analy:e Mecaplast performance in India and Market share among the other players of the industry &o conduct the market research among the competitors in the Auto component manufacturing industry &o find out the current situation in Mecaplast in terms of products &echnology Business Shares &o asses performance of the Mecaplast by doing S?*& Analysis Bindings conclusion recommendation to the company to focus on increasing the business infrastructure in3estment SCOPE OF THE STUDY &he main purpose of the research is to understand the competiti3eness of Mecaplast "Interior !arts$ o3er their competitors in the Auto 6omponent Manufacturing Industry. &his pro'ect helps me to know about the Auto component Manufacturing Industry. ?ell my 'ob includes analy:ing the competitorGs position in Interior parts of car with respect to Mecaplast. LIMITATIONS SRM University Page +5 &he main limitation of the study is the collection of information. Because most of the information are confidential. So they donGt want to disclose them. &ime 6onstraint &he results are based on the obser3ation through Internet. &he Study was conducted only with few competitors and not taking all the competitors in to consideration. SIGNIFICANCE OF THE STUDY A study of this nature will help Mecaplast and other organi:ations can adopt measures o3er their competitor to sur3i3e in the fast mo3ing world. &he study is 3ery significant because it will add to the e4isting literature or the research has added to the stock of books and works already written on competiti3e analysis. CHAPTER - 2 SRM University Page +/ 0 COMPANY PROFILE 0 PRODUCT PROFILE COMPANY PROFILE Mecaplast Group is an international automoti3e supplier and a ma'or contributor to the Monegasque economy. Bounded in -E88 by 6harles Manni it speciali:es in the design and manufacture of parts and complete systems for the 3ehicle body "interior and e4terior$ and engine. Mecaplast #roup employs a total of 8=,, employees located in -= countries and contributes to re3enue of C==+million "+,-+$. ?ith 58, of its employees based in Monaco it is the fifth largest employer and the largest industrial company in the micro0state. &hierry Manni is the chairman of the board and the chief e4ecuti3e officer is !ierre Boulet. SRM University Page +8 History - Mecaplast was founded in -E88 by 6harles Manni "d. +,-+$. It started off with fi3e people working in an apartment and a cellar located on 6hemin des Pillets in Monaco. At the age of +E Manni de3eloped the first plastic partI a chemical capacitor cap for a company called Micro. In -E=/ Mecaplast made its entry into the automoti3e industry after ha3ing been selected to manufacture the plastic fan for the !eugeot +,/. &he company grew further and in -E=E it created a methods ser3ice and a tooling workshop. In -E@8 it de3eloped a company speciali:ed in specific assembly machines. It was during this period that the Monegasque headquarters relocated to its current offices in the SRM University Page += heart of the industrial district of Bont3ieille in QKone BQ and to the production factory in the building called >Blots Bleus.N In -E98 Mecaplast created its first site outside of Monaco in 2alrRas Brance. Brom +,,@ the entire automoti3e industry was affected by a crisis including operations at Mecaplast. &he group was obliged to reduce its workforce and close or sell some production sites. In August +,,E Mecaplast was nominated as a strategic supplier for !SA and )enault and as a result the #roup benefitted from the Moderni:ation Bund for Automobile (quipment Suppliers "BM(A$ which increased the companyGs capital by C88 millionD55F stake. &he 6hennai plant in India was opened on the 5rd of ;une +,-,. Burthermore the #roup opened a third manufacturing site in Santai 6hina and another in Kren'anin Serbia. &he Kren'anin site was officially opened on the 5rd of April +,-+. &hose in attendance included Boris &adic "!resident of Serbia$ &hierry Manni "6hairman of the Board$ Nebo'Ta UiriV "Bormer Minister of (conomy and )egional %e3elopment$ Mileta Mihailo3 "Mayor of Kren'anin$ ;osR Badia"Minister of Boreign Affairs in Monaco$ and BranWois0Oa3ier %eniau "Ambassador of Brance in Serbia$. (arly +,-5 Mecaplast opened a 6ustomer Ser3ice 6enter in Munich #ermany. In +,-/ a new production site will be created abroad. Organization - In +,-5 Mecaplast #roup had a presence in -= countries and had += production sites -8 customer ser3ice centers and = technical centers and 5 skills centers speciali:ed in car body and engine parts. Figure 2.1 - Represents Mecaplast group Overview SRM University Page +@ Activity - &he company produces plastic parts. &hey can be classified into two groupsI Engine partsI engine air intakeDintake line and components screen systems "thermal and acoustic$ fluid management Interior or exterior 3ehicle body partsI trims storage modules trunks "liners and shel3es$ painted e4terior parts co3ering parts cowling roof bars and pillars spoilers$. Mission - !ro3ide to our 6ustomers inno3ati3e solutions and superior quality products at competiti3e le3el. SRM University Page +9 *ur 6ustomersG satisfaction is our priority. &his is why we ha3e chosen a 6ustomer oriented organi:ation di3ided in 8 Business UnitsI !SAD2ol3o 6ars and &rucks Business Unit )enault0NissanD&oyotaDBiat Business Unit #erman 6ustomers "#MDBM?D%aimler 2olkswagenDBord$ Business Unit 6hina Business Unit America Business Unit *ur 5 Skills 6enters are dedicated to the design and de3elopment of partsI Monaco Skills 6enter Aens Skills 6enter I:ernore Skills 6ent Table 2.1 - Revenue in Mf/Workforce - Sear )e3enue D ?orkforce -EE8 -@8D--@8 -EE9 ++5D+-,, +,,, +9=D+9,, +,,+ 89,D88,, +,,8 9+,D@9,, SRM University Page +E +,,@ @8ED=+,, +,,E 8@,D89,, +,-, =/5D88,, +,-- =E+D88,, +,-+ ==+D8=,, Revenue by product line - BodyI =5F (ngineI 5@F Figure 2.2 - Revenue by Product line Main competitors - EngineI M#I 6*U&I() Mark I2 Mahle &re3es Steep Mann 1ummel ExteriorI M#I 6*U&I() Baurecia 2aleo Interior (Global)I Baurecia 2isteon &re3es (urostyle Moller &ech Borgers Interior (India) . In'ectoplast 2isteon !olyplastics Montaplast Customers - SRM University Page 5, Figure 2.3 - Customers Mecaplast at Chennai, India - Mecaplast #roup a ==+ million (uro manufacturer of automobile equipment today announced the launch of its first production facility in India at Mahindra ?orld 6ity 6hennai. &he factory spread across 8 acres has in3ested nearly 5,, million IN) for its initial setup to manufacture a wide range of plastic engine and body parts for both local and international customers that includes Bord )enault0 Nissan #eneral Motors &oyota 2olkswagen BM? !eugeot Mercedes0Ben: Biat 2ol3o etc. Set up at the %&A "%omestic &ariff Area$ of Mahindra ?orld 6ity the Mecaplast #roup has its roots in Monaco (urope where it was founded in -E88 by Mr 6harles MANNI. &he group designs de3elops and manufactures parts and complete systems for 3ehicle Body and (ngine. Mecaplast is a leading pro3ider of the engine technologies which aid automobile manufacturers to adhere to SRM University Page 5- globally accepted en3ironment norms "(uro I2 < (uro 2$. &he 6ompany also holds se3eral design patents in their field. &oday the company boasts of o3er 89,, employees based across -/ countries across the world including += !roduction sites -- technical centres state of the art testing centres and + skill centres which ser3e automoti3e markets across the world. &he Mecaplast facility at Mahindra ?orld 6ity 6hennai currently houses /, employees. &he production plant would primarily manufacture automoti3e plastic engine parts (4terior and Interior parts namelyI (ngine air intake systems co3erings and shields interior and e4terior trims cowl grills fender liners and other plastic parts. Speaking at the launch Mr. Thierry Manni, Chairman of the MECAPLAST Group said >&he M(6A!AAS& #roup is delighted to set up its first production facility in India. &he Indian market holds great promise and we are quite certain that our products < technologies will be well accepted. Moreo3er India is renowned for its skilled manpower low cost of inno3ation and its design and de3elopment skills factors which will help us in establishing base in the country.N *n the production unit at Mahindra ?orld 6ity Mr. B.S. Rao, Country Head and Director, India Operations, the MECAPLAST Group, said >?e got our Birst business from Bord India in Beb +,,9 to locali:e their %2/ engine plastic parts. Almost at the same time )enault Nissan confirmed their operations in 6hennai. &his makes our decision easy to choose 6hennai to put our first manufacturing plant. Now we ha3e a state of the art Manufacturing facility and well0moti3ated team to ser3e our customers. Mahindra ?orld 6ity 6hennai pro3ed to be an ideal foil as it is situated in close pro4imity to the 6hennai Automoti3e Belt. Additionally the township offers e4cellent infrastructure easy connecti3ity to rail and roadways that are important to a multinational company like ours.N SRM University Page 5+ *n the set up of Mecaplast Ms. Sangeeta Prasad, Chief Operating Officer, Mahindra World City-Chennai said >I am delighted to welcome the Mecaplast #roup to Mahindra ?orld 6ity. ?e reaffirm our commitment in pro3iding an enabling en3ironment to Mecaplast and wish them enduring success in this facility and an enriching e4perience in India.N Production Unit - Starting date . +,,E !lant %irector 0 B.S )A* +,-5 turno3er 0 E.,@ MC "@,8.@Mn IN)$ (mployees as on ;anG-/ 0 -+5 persons Surface 0 /,,, Sq.Mt TECHNOLOGIES &hermoplastic in'ection 2ibration welding 1ot plate welding US welding #as In'ection Aaser ?elding Bilter (lement Manufacturing Aine Boam %ispensing System SRM University Page 55 PRODUCTS 6am 6o3er "6ylinder 1ead 6o3ers$ Air Intake Manifolds Air Bilter (ngine Beauty 6o3er &urbo Noise Attenuator Belt 6o3ers Buel Bilter 6owl #rille )ocker !anel and )einforces Bumper Supports Under 6o3ers Chennai Plant - (Figure 2.4) SRM University Page 5/ Interior Parts - (Figure 2.5) SRM University Page 58 CHAPTER - 3 0 RESEARCH METHODOLOGY RESEARCH METHODOLOGY Introduction: )esearch methodology is a systematic process of identifying and formulating by setting ob'ecti3e and method for collecting editing and tabulating to find solution. Meaning of Research: SRM University Page 5= &he ad3ance learnersG dictionaries of current (nglish lay the meaning or research >a careful in3estigation or inquiry especially through search for new facts in any branch of knowledgeN. )esearch is thus an original contribution to the e4isting stock of knowledge making for its ad3ancement. It refers to the systematic method consisting of enunciating the problem formulating a hypothesis collecting the facts or data analysing the facts and reaching certain conclusions either in the form of solution"s$ towards the concerned problem or in certain generali:ations for some theoretical formulation. Research design: &he problem that follows the task of defining the research problem is the preparation of the design of the research pro'ect is called as research design. %esign regarding what where when how much by what means concerning an enquiry or a research study constitutes a research design. >A research design is the arrangement of the conditions for the collection and analysis of data in a manner that aims to combine rele3ance to the research purpose with economy in procedure.N &he research design undertaken by researcher is Descriptive research design. &his research design concerned with the research studies with a focus on the portrayal of the characteristics of a group of indi3idual or a situation. SOURCES OF DATA COLLECTION: &he data for the research purpose is mostly collected through secondary data. SECONDARY DATA: &he secondary data used in this research are Books referred ?ebsites Maga:ines SRM University Page 5@ RESEARCH INSTRUMENT: &he instrument used for this study is >*bser3ation through InternetN. TOOLS: In order to come out with the findings of the study the following tools are used 6ompany profile matri4 )ank Matri4 Swot Analysis !roduct Matri4 CHAPTER - 4 0 DATA ANALYSIS 0 INTERPRETATION SRM University Page 59 Competitor Company Profile Matrix INDIA -- Matrix -1: Injecto Plast (Table 4.1) Name of the Company In'ecto !last Incorporated -E99 Location 7anpur 6hennai !une #urgaon No Of Location / No Of Employee -,- 0 8,- Last Year Turnover 0 No Of Plants 5 "7anpur 6hennai !une$ Name of Products Beauty 6o3er &ube Asm *il Baffle Bork and 6hain #uides )esa3oir Battery &ray 62; and rack < !inion Boots Steering 6olumn Seal #rab and Assist 1andles Bloor %oor 1andle Speaker #rills )adiator (nd &anks Intercooler tank 6AI% Assy Blapper Ban Ban Shrould !edal Brush Bo4. 2al3e Body SRM University Page 5E No of Products +, Customers 2olkswagen #M Skoda Auto Bord Motar 6ompany 2isteon Automati3e Systems #7N %ri3eline "India$ Aimited B(1) India Aimited Bosch India Ne4teer Automati3e N&N N(I Mfg.India "p$ Atd 6omstar Automati3e 1alla 2isteon 6limate Sys. "I$ Atd %elphi Automati3e System !1A India "!$ Atd Sona Steering Systems Atd Mun'al Showa ltd Brakes India Atd %enso Baridabad ltd Aohia 6orp Atd #rupo Autolin pune !3t Atd A2* 6arbon )ane "Madras$ limited )ane &)? steering Systems A2&(6 Aimited No of customers +/ Certification IS*D &S -=E/EI+,,E IS* 0 E,,+ LS0 E,,, IS* -/,,- Awards HAH #rade in quality capablity assesment 0 MDs 2olkswagen"2?$ in the year +,-, prestigious Bord L- Award in the Sear +,,@ SL Mark of 1SNU%AI M*&*) IN%IA A&%. in the year +,,E In house R&D Ses In house testing & Validation facility Ses New Innovation Bor timely %eli3eries and on0site ser3ice 0 &hey ha3e builted5 manufacturing facility which co3er ma'or automati3e hub of car making company SRM University Page /, New Updates !resence at +/ 1ours %ubai )ace 2? !olo 6up at Buddha International 6ircuit Noida 2olkswagen !olo ) 6up 6hampionship HAH #rade Supplier of 2olkswagen #lobally Matrix - 2: Visteon (Table 4.2) Name of the Company 2isteon Incorporated -EE@ Location Bhiwadi 6hennai !une No Of Location 5 No Of Employee 5,,, Last Year Turnover 0 No Of Plants 5 "Bhiwadi 6hennai !une$ Name of Products (ngine Induction 12A6 Systems !ower train 6ooling 6ompressors and Bluid &ransport 6ockpit Modules Instrument !anels 6onsoles %oor &rim (4teriors "Multi0Bunction %isplays Audio < Infotainment Instrumentation < %isplays Automatic 6limate 6ontrol !anels No of Products -/ SRM University Page /- Customers Maruti Su:uki Bord Udyog &oyota kirloskar Motors 1yundai No of customers 8 Certification IS* -/,,,- and &S -=E/E *1SAS -9,,- Awards *3erall (4cellence . Sil3er Award "Maruti Su:uki$ Awarded sil3er trophy for Manufacturing (4cellence by A6MABest (n3ironment Briendly #reen 6ompany from )a'asthan State Industrial %e3elopment and In3estment 6orporation Atd. 1yuandai Motar -,,!!M Award Bord Motor 6ompany L- award In house R&D Ses In house testing & Validation facility Ses New Innovation (bee 6oncept 6ar New Updates 0 Matrix - 3: Polyplastics (Table 4.3) Name of the Company !olyplastics Industries !3t ltd Incorporated -E=@ Location 1aryana Samuna Nagar !une bawal No Of Location / SRM University Page /+ No Of Employee -8/, Last Year Turnover 5,, 6rore No Of Plants / "1aryana Samuna Nagar !une bawal $ Name of Products !lastic in'ection moldings plastic automoti3e parts wheel rim co3ers Automobile plastic part plastic wheel co3er plastic sender plastic 3i4or No of Products @ Customers Maruti Su:uki &oyota &ata )oyal (nfield Bord 1onda mahindra )enault 1industan Motors Su:uki Swara' ma:da (icher !ia::io ;ohn %eere %elphi 1yundai Nissan &afe Biat #M *pel 1ero 1onda No of customers +- Certification IS*D&S -=E/EI+,,E IS* -/,,-I+,,/ IS*DI(6 +@,,-I+,,8 Awards (icher award for design and %e3elopment of plastic dash board for tractors 7amal #upta < 7apil #upta recei3ing award from&oyota 7irloskar motar < Maruti udyog limited In house R&D Ses In house testing & Validation facility Ses New Innovation 0 New Updates !! < Kanani auto group ;2 !lant in SRM University Page /5 !une "= Million ?heel 6o3er a year$ New !lant 6onstruction in *ragadam < Bawal "(4panded the business in +,-5$ Matrix - 4: Montaplast - (Table 4.4) Name of the Company Montaplast Incorporated +,-- Location Mumbai No Of Location - No Of Employee 0 Last Year Turnover 0 No Of Plants - "Mumbai$ Name of Products oilpans engine co3ers air induction system resonators cam co3ers #arnish trims trunk claddings o3erhead consoles speaker grills trunk silling co3ers interior air 3ents (nameled Bumpers front and rear system Strut and 6hassis 6laddings Side rails and trim strips water separators chrome radiators air inlet grilles fenders and spoilers No of Products -9 Customers 0 No of customers 0 SRM University Page // Certification 0 Awards 0 In house R&D 0 In house testing & Validation facility 0 New Innovation & New Update 0 Matrix - 5: Mecaplast - (Table 4.5) Name of the Company Mecaplast Incorporated +,,E Location 6hennai No Of Location - No Of Employee -+5 Last Year Turnover @,.8@ 6rores No Of Plants - "6hennai$ Name of Products 6am 6o3er Air Intake manifold Air Bilter (ngine Beauty 6o3er &urbo Noise Attenuator Belt 6o3ers Buel Bilters 6owl #rille )ock !anel and )einforcers Bumber Supports Under 6o3ers No of Products -- Customers Bord )enault Nissan &oyota Maruti Su:uki ?olkswagen #M Ashok AeylandDNissan SRM University Page /8 No of customers 9 Certification IS* -/,,-I+,,/ &S -=E/E Awards -st Business award from 2?DSkoda India for -.8Atr (ngine !art Inno3ati3e technology for (0N) engine pro'ect from &oyota 7irloskar Auto parts In house R&D Ses In house testing & Validation facility Ses New Innovation & New Update 0 Global - Matrix - 1: Injectoplast - Table (4.6) Name of the Company In'ecto !last Incorporated 0 Location 0 No Of Location 0 No Of Employee 0 Last Year Turnover 0 No Of Plants 0 Name of Products 0 No of Products 0 Customers
2olkswagen #M Bord Audi Ag ;aguar landro3er S(A& #7N dri3eline "India$ Atd I?IS motors system A2* SRM University Page /= 6arbon No of customers E Certification 0 Awards 0 In house R&D 0 In house testing & Validation facility 0 New Innovation 0 New Updates 0
Matrix - 2: Visteon (Table 4.7) Name of the Company 2isteon Incorporated +,,, Location 6hina Indonesia ;apan South korea &hailand6he:c republic Brance #ermany 1ungary Morocco !oland !ortugal )ussia Slo3akia South Africa Spain &urkey U76anada Me4ico USArgentina Brai:il No Of Location +5 No Of Employee +/,,, Last Year Turnover X @.// Billion No Of Plants =9 Name of Products 6ockpit Modules %oor &rim AightingBront Aighting !roducts )ear Aighting !roducts (ngine Induction !roducts !owertrain 6ontrols !roducts SRM University Page /@ Mobile Application !roducts Additional 0 !owertrain 6hassis *ther0 Bumpers 6lutches Shift 7nobs 1eadliners )@// 6limate System Modular Multi0Kone 12A6 6limate 6ontrols Bluid &ransport Systems 6ompressors 1eat (4changers Battery 6ooling Module Audio and Infotainment Instrumentation . AnalogD%igital Instrument 6luster %isplays Aamps 6ontrol !anels No of Products +5 Customers BM? %aimerchrysler A# "%AI$ Bord #M 1onda 1yundaiD7ia Nissan !eugeot renault &oyata 2olkswagen Ma:da Maruti Su:uki Audi2ol3o No of customers -8 Certification IS*D&S0-=E/E IS* +=+=+ IS* -/,,,- Awards #eneral Motors )ecogni:es 2isteon for Luality (4cellence 6hongqing Ougang (lectronics !lant (arns Bord L- Award In house R&D Ses In house testing & Validation facility Ses New Innovation (bee 6oncept 6ar New Updates 0 Matrix - 3: Montaplast - (Table 4.8) Name of the Company Montaplast SRM University Page /9 Incorporated -E89 Location #ermany6hina franceUSA Uk;apan No Of Location = No Of Employee -,,- 08,,, !eople Last Year Turnover X /5+ Million No Of Plants 5 "#ermany USA 6hina$ Name of Products *il pans engine co3ers air induction system resonators cam co3ers #arnish trims trunk claddings o3erhead consoles speaker grills trunk silling co3ers interior air 3ents (nameled Bumpers front and rear system Strut and 6hassis 6laddings Side rails and trim strips water separators chrome radiators air inlet grilles fenders and spoilers No of Products -9 Customers Audi BM? 6hrysler %aimler %odge Bord #M Ben: Nissan opel prosche SAAB Smart 2ol3o 2olkswagen No of customers -8 Certification IS* &S-=E/E IS* E,,-0+,,9 IS* E,,- IS* -/,,- Awards Luality sil3er award from &oyota in +,-+ certificate of )ecognitionQ for the +, best suppliers in deli3ery awards for the quality and on time deli3ery amongst the others from the &oyota !eugeot 6itroen Automobile company Manufacturers of &oyota SRM University Page /E In house R&D Ses In house testing & Validation facility Ses New Innovation 0 New Update M*N&A!AAS& A%%S MANIB*A% M*A%IN# AIN(S plans to in3est X+.5 million to mo3e its research < de3elopment facilities from Southfield to a bigger space in Auburn 1ills. &he mo3e is e4pected to create +8 'obs o3er the ne4t fi3e years. Matrix - 4: Mecaplast - (Table 4.9) Name of the Company Mecaplast Incorporated -E88 Location USA Me4ico Brai:il Spain Monaco Italy &urkey 6hina ;apan Serbia 6hech )ep. !oland #ermany Brance U7 No Of Location -8 No Of Employee 8=,, Last Year Turnover ==+ Million (uros No Of Plants +8 "U7 Brance !oland 6he:ch )ep. Serbia Me4ico Brai:il Spain Monaco Italy&urkey 6hina SRM University Page 8, Name of Products Air Intake System Air Bilter &hermostat 1ousing *il Sump 6am 6o3er Air Intake Manifold )oof bars Spoilers Back %oor 1andles 6owl #rilles Bender !rotector ?heel Arch Ainers Body Side Moulding (4terior AB6 !illar Back %oor 1andles AB6 pillar #arnish Middle 6onsole 6o3er Steering 6olumn 6arpet &ailgate &ailgate &rim )ear !arcel Shelf ;ointed Aoad Bloor Mobile Storage Bo4 &runk 6arpet &runk &rims 6ockpit !illar &rims &runk !illar &rims 6entral 6onsole No of Products +E Customers Su:uki )enault Nissan !eugeot Bord #M SAI6 Ben: Smart Biat 6hrysler BM? Mini ?olkswagen Skoda Audi Seat Alfa )omeo &oyota Aancia 1onda 2ol3o%enso&oyoda Boshoku 6orporation No of customers +8 Certification IS* E,,-I+,,9 < IS* &S -=E/EI+,,E Awards Luality sil3er award from &oyota in +,-+ certificate of )ecognitionQ for the +, best suppliers in deli3ery awards for the quality and on time deli3ery amongst the others from the &oyota !eugeot 6itroen Automobile company manufacturers of &oyota In house R&D Ses In house testing & Validation facility Ses New Innovation 0 SRM University Page 8- New Update !erformance < 6ost ?eight < 6ost 6ocoon < 6ost #reen Material < 6ost RANK MATRIX INDIA - SRM University Page 8+ TABLE NO 4.10 TABLE SHOWING THE RANKS & FOR MECAPLAST OVER THEIR COMPETITOR IN INDIAN REGION SRM University Page 85
Mecaplast Injectoplast Montaplast Polyplast Visteon TOTAL 300 340 150 390 280 PERCENTAGE 60% 68% 30% 78% 56% RANK 3 2 5 1 4 CHART 4.1 CHART SHOWING THE RANKS & FOR MECAPLAST OVER THEIR COMPETITOR IN INDIAN REGION Interpretation - ?ell Mecaplast is in the position of 5 rd in Indian region with the percentage of =, and the first two places were occupied by !olyplast and In'ectoplast respecti3ely. Global - SRM University Page 8/ TABLE NO 4.11 SRM University Page 88 TABLE SHOWING THE RANKS & FOR MECAPLAST OVER THEIR COMPETITOR IN GLOBAL
Mecaplast Injectoplast Montaplast Polyplast Visteon TOTAL 430 30 340 0 440 PERCENTAGE 86% 6% 68% 0% 88% RANK 2 4 3 - 1 CHART 4.2 CHART SHOWING THE RANKS & FOR MECAPLAST OVER THEIR COMPETITOR IN GLOBAL Interpretation - ?ell Mecaplast is in the position of + nd in global with the percentage of 9= and the first place was occupied by 3isteon. Criteria for Rank Matrix (Table 4.12) SRM University Page 8= Rating
5 High 4 3 2 1 L! - "na#ai$a%i$it& ' (ata SWOT ANALYSIS - Injectoplast - (Table 4.13) Visteon - (Table 4.14) SRM University Page 8@ Polyplastics Industries Private Limited - (Table 4.15) Montaplast - (Table 4.16) SRM University Page 89 Mecaplast - (Table 4.17) Product Matrix - (Table 4.18) SRM University Page 8E Interpretation - &he abo3e matri4 represents the interior products like AB6 !illar Middle 6onsole and #rab 1andle were supplied by Mecaplast In'ectoplast Montaplast !olyplast 2isteon and other suppliers to their respecti3e models of 6ar. SRM University Page =, CHAPTER - 5 0 FINDINGS & SUGGESTIONS 0 CONCLUSION 0 BIBLIOGRAPHY FINDINGS - SRM University Page =- By the way of collecting the data through secondary data and by applying tools the analy:ed findings are In Indian region Mecaplast was ranked in the 5 rd position with an aggregate percent of =,. Birst place was occupied by !olyplastics Industry pri3ate Aimited with aggregate of @9 percent in Indian region + nd place is occupied by In'ectoplast with an aggregate of =9 percent. 2isteon and Montaplast were occupying / th < 8 th places with aggregate of 8= and 5, percent respecti3ely. ?hile comparing global with Indian region the Mecaplast is ranked + nd
place with an aggregate of 9= percent. ?ell in #lobal 2isteon is retaining its first position with an aggregate of 99 percent. ?ell Monatplast and In'ectoplast is ranked 5 rd and / th position in global with an aggregate of =9 and = percent respecti3ely. ?ell In'ectoplast doesnGt ha3e any manufacturing facility in global it is 'ust e4port their products to different countries for different customers by ha3ing a warehouse and pro3iding sales and ser3ice support. !olyplastics doesnGt ha3e their business on globally. SUGGESTIONS - SRM University Page =+ &he study pro3es that the Mecaplast is pro3iding a tough competition to their competitors but it is now well enough to take a competiti3e ad3antage o3er their competitor. So the following are my suggestions. As Mecaplast doesnGt deal with the Interior parts in Indian market they need to start dealing with the Interior parts in Indian Market to ha3e a competiti3e ad3antage o3er their competitor Mecaplast need to ha3e lots of customers in Indian Market to competiti3e ad3antage Since Indian Market is new for Mecaplast it needs to e4pand their business to ha3e competiti3e ad3antage. ?ell Mecaplast technicians can come up with new inno3ati3e ideas in Auto component manufacturing Industry by producing new products to ha3e the competiti3e ad3antage. Conclusion - &his presents the summary of the study done in relation to the competiti3e analysis of Mecaplast "Interior !arts$ o3er their competitor in Auto 6omponent Manufacturing Industry. &he conclusion is drawn from the study through 3arious data collected through Internet on competiti3e analysis of Mecaplast. &he companies which ha3e been analy:ed in the pro'ect are leaders in their respecti3e sector. &hese companies ha3e outperformed the respecti3e benchmarks and are gi3ing healthy o3er the period of time. A stable and growing auto component industry which has thousands of producers in the unorgani:ed sector as well is critical for the o3erall health of the economy. Bibliography - SRM University Page =5 BOOKS !hilip 7otler "+,-+$ Marketing Management !rentice01all New %elhi (le3enth (dition %eepak 6hawla Neena Sondhi "+,--$ )esearch Methodology concepts and 6ases 2ikas !ublications . Birst (dition Websites 1ttpIDDwww.wikepedia.com 1ttpIDDwww.mecaplast.com 1ttpIDDwww.indiamart.com 1ttpIDDwww.mahindra.comDnews 1ttpIDDwww.in'ectoplast.com 1ttpIDDMontaplast.com 1ttpIDDwww.polyplasticsindia.com 1ttpIDDwww.3isteon.com 1ttpIDDwww.acma.in SRM University Page =/