BREXIT unlikely to have a major impact on Indian auto component manufacturers : ICRA
Indian auto component manufacturers have much higher exposure to European (ex-UK) OEMs as compared to UK based OEMS
EU overall accounts for 36% of Indian auto component exports; however, USA is single largest country accounting for 22% of Indian auto component exports
Germany is India’s largest export market in EU; UK accounts for just 5% of Indian auto component exports
