Described as the ‘sunrise industry of India’, the auto ancillary industry is highly fragmented with 500 organized and 5,000 unorganized players with over 60% of exports to Europe and USA. The market for auto components can be classified into Original Equipment (accounting for around 40% of demand), Replacement Market (accounting for around 50% of demand) and export market (accounting for the balance 10%).
ANB addresses various issues by providing the comprehensive capabilities required for effective compliance management. These capabilities are essential whether you need to address a single complex mandate or you’re developing a full-scale enterprise regulatory risk framework. ANB solutions enable you to consistently track mandates, unify policy management across the business, perform well-coordinated impact assessments; automate targeted awareness training programs, create well-defined action plans, and efficiently execute other core tasks associated with effective legal and regulatory compliance.