Profiles of Three leading Indian Producers of Technical Textiles for the Automotive Sector
Released on = June 2, 2007, 1:27 am
Press Release Author = Bharat Book Bureau
Industry = Marketing
Press Release Summary = The demand for automotive technical textile products in India has grown at a healthy pace in recent years, reflecting strong expansion in the Indian automotive sector. In the 2003/04 fiscal year, the market was worth Rs13,816 mn (US$301 mn).
Press Release Body = Profiles of Three leading Indian Producers of Technical Textiles for the Automotive Sector
The demand for automotive technical textile products in India has grown at a healthy pace in recent years, reflecting strong expansion in the Indian automotive sector. In the 2003/04 fiscal year, the market was worth Rs13,816 mn (US$301 mn).
Nylon tyre cord fabric, used for the reinforcement of tyres, is in high demand. In 2003/04 the market for this product was worth approximately Rs9,000 mn, representing about two thirds of total sales of technical textiles for the automotive industry. SRF is the largest Indian producer of nylon tyre cord fabric. The company had a domestic market share of about 32% in 2005/06, and claims to be the eighth largest manufacturer of nylon tyre cord fabric in the world. Century Enka is India's second largest producer of nylon tyre cord fabric. The company also makes other technical textile products, including polyester filament yarn, nylon filament yarn and polyester chips. Given the robust demand for nylon tyre cord fabric in India, it is not surprising that both SRF and Century Enka are in the process of significantly expanding their production capacities.
Automotive furnishing fabrics-including seat covers-constitute another major product in the market for automotive technical textiles with an estimated market size of Rs1,073 mn in 2003/04. Bhilwara Melba De Witte (BMD) is the top producer of such fabric in India, with a market share of about 50%. BMD is a joint venture between Rajasthan Spinning and Weaving Mills of India and De Witte Lietaer of Belgium.
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