Chinese auto companies Participation in Auto Expo to be on large scale
Approx 400 Chinese auto parts and automotive companies will display their competitive low cost products targeted at Indian domestic industry. This is more than double from the number of companies that participated at the last Auto Expo held 2 years ago.
According to Mr Dilip Chenoy DG society of Indian Automobile Manufacturers "In the last Auto Expo, there were about 40 to 50 Chinese companies that participated. But this year we are expecting their number to touch 400." He added that apart from component makers who will be looking at making inroads in the Indian automotive market, the upcoming Auto Expo will also have Chinese motorcycle makers, electric bike companies as well as bus maker like Kinglon.
Mr Vishnu Mathur DG of Auto Component Manufacturers Association said that "The Indian market is now being recognized by China as a huge potential growth area. With their pricing and design, they would initially target the after sales market of auto parts and then the automobile companies that are present in India.
As per CII, which is also a partner for the event, about 100 German companies, 30 to 35 Malaysian companies, 70 to 80 from Taiwan, 10 to 12 from the US and the UK mainly from the component industry would leverage the Auto Expo platform for the Indian market. Mr Gurpal Singh from the confederation of Indian industries said that "Even during the last Auto Expo, some Chinese companies had bagged orders, others had received inquiries and in certain cases, companies were exploring JV and technical collaboration."
Chinese component makers are already aggressive in the Indian market with imports from China growing from INR 766 crore in 2005 to INR 1,295 crore during 2006.
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