When understanding Auto sector, I always have the doubt relating to OEM.
I was of view that OEMs are basically those company who make parts that is used in final product. As per that companies that make brakes, tyres, etc. are OEM.
However, when we search on google, it tells even Maruti, Tata Motors, Toyota are OEMs.
Can someone please provide more understanding on this? Thanks
Also, in case of auto industry, are OEMs and auto ancillaries means the same thing?
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