FOCUS-Auto parts cos look to other segments to beat downturn

Newswire

* Auto parts firms looking to ramp up non-auto segments. * Diversifying to markets other than U.S. and India. * Domestic car sales slowing due to higher input costs. By Aniruddha Basu MUMBAI, Aug 25 (Reuters) - Top Indian auto parts makers, caught between a global auto slowdown and a drop in volumes for the first time in 3 years at home, are branching out into industrial and rail segments and trying to boost sales in Europe and Japan. Higher input prices and costly finance has seen ...

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