Try our Pocket-Friendly Plans
Try Our Exclusive Services
Download the App 
Dashboard
Profile
Inquiries
Buy Leads
My Active Services
Login
Have heard that after the basic industries Chinese companies now have entered the auto part industry in a big way and plan to capture the US market.How should Indian companies counter this since they will hv advatage of cheaper raw material and currency advantage plus plus advantages
FRAME 2 FAME PRODUCTIONS
New Delhi, India
Free Member, Joined :07/28/2006
No of Topics Posted : 2
Reply/Comments : 9
With the world's top car makers turning to India for automobile components, the industry is poised to record an export target of US$ 5.9 billion in 2008-09. The sector has emerged as one of India's fastest growing manufacturing sectors, and a globally competitive one. India is exporting automobile components and becoming an international hub for automobile and component making. The country's automobile component industry can boast a varied range of plus points which include high engineering skill, established production lines, a thriving domestic automobile industry and competitive costs.
Stats tell me that the manufacturing costs in India are 25 to 30 percent lower than its western counterparts. No wonder why global auto majors see India as a giant in auto component manufacturing. Moreover its full service supply capability and a cost advantage with regard to castings and forgings make it the favoured destination.
(Tradeindia Expert)
M/S Menon Exports and Designing Ltd.
New Delhi, India
I agree with you that they moving to asia to source auto parts,but we talking here about India facing major competion from China in days to come
FRAME 2 FAME PRODUCTIONS
New Delhi, India
Free Member, Joined :07/28/2006
No of Topics Posted : 2
Reply/Comments : 9
Today only advantage we have over them is that we still known for our quality
Free Member, Joined :01/18/2002
No of Topics Posted : 0
Reply/Comments : 6
Is it right to contract/buy/invest in big bulks of raw materials to pin down the prices?
Free Member, Joined :01/18/2007
No of Topics Posted : 0
Reply/Comments : 4
I still feel china not that powerful in making automobile parts as this particulars industry needs quality products and India is the country still can supply quality products.
OPTICS & ALLIED ENGG. PVT. LTD.
Bengaluru, India
Free Member, Joined :07/20/2005
No of Topics Posted : 0
Reply/Comments : 1
Tradeindia.com. We have assigned moderators to facilitate these discussions.
