Thursday, December 31, 2009

The 10th Indian Auto Expo: A big opportunity for local parts manufacturers

The 10th Indian Auto expo 2010 will showcase the national and International autoparts manufacturers. This year, the Indian auto sector saw an unprecedented rise in passenger car sales. Moreover, the country very quickly recovered from the economic meltdown. For this reason, the 10th Indian Auto Expo holds great importance to the auto parts producers. My Digital reports:

“Indian auto component companies have consolidated their position to be the key suppliers for small cars. The global auto industry realised the real capabilities of Indian auto parts firms after the launch of Tata Nano. There will be significant opportunities as these new small cars, to be unveiled at the Auto Expo 2010, need to have higher local content to make their presence felt here,” Vishnu Mathur, executive director, Auto Component Manufacturers Association of India (ACMA) told Financial Chronicle.

About 1000 Indian firms are going to participate along with international firms from 30 different countries. Several Chinese firms are also participating in the show. The firms will showcase locally produced auto parts such as navigation controls, management systems, security systems etc. Green vehicle and green technology will be given lots of importance and this will also open up new possibilities for auto parts manufacturers.

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