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Global component makers eye India

The growth potential in the under-served Indian automobile market and the consequent demand for auto components has drawn a lot of interest from foreign manufacturers who attended the Auto Expo-Component Show in the capital. A total of 600 international component firms showcased a range of automobile components and solutions to tap into the rising domestic market, especially the passenger vehicle segment.

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Last updated: March 20, 2024
by and Alex Morrell is a senior correspondent at Business Insider covering Wall Street at large.

In the last edition of the Component Show in 2014, 450 foreign exhibitors had participated. The total number of exhibitors, including domestic ones, has grown to 1,500 now against 1,200 in the previous edition. Vinnie Mehta, Director-General of Automotive Component Manufacturers Association said there was rising interest in international manufacturers to understand
trends in India.

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