According to IndiaMart Knowledge Services (IKS) series report on 'Auto Components Sector', 71% of the SMEs in India find computers useful for their business and 69.6% regularly use internet as it has played a major role in the growth of their business. This is indicative of a huge presence of SMEs online who are actively involved in generating business opportunities through the internet.

The report presents survey findings conducted amongst auto components SMEs to gauge their experience in the previous year and the outlook for the current one. It also shares various challenges being faced by the small enterprises.

Dinesh Agarwal, Founder and CEO, IndiaMart.com, said, “Carrying the foundations of the entire economy on their shoulders, SMEs need to be aware of the changes happening in the sector. Lack of this information is detrimental to their growth and therefore, we bring such developments in this report on auto components sector. We hope to provide definite insights on the industry through such reports.”

Online B2B marketplace IndiaMart.com claims to have 1.2 million suppliers and over 6.5 million buyers, who use the platform. The company has over 3500 employees located across 60+ offices in the country and is invested by Intel Capital and Bennett, Coleman & Co. Ltd.