FOCUS: Auto parts cos strike JVs for tech; consolidation looms

Newswire

* The industry likely to clock $30 bln sales in 2010/11 * Margin pressure, funding problems linger, despite sales growth * M&A activity seen picking up in coming years By Aniruddha Basu and Lyndee Prickitt MUMBAI/NEW DELHI, May 23 (Reuters) - Large local auto parts makers are forming joint ventures to boost their technological know-how and expand product range as the largely fragmented sector is at full capacity and facing a capital crunch. Bharat Forge Ltd , the world's second ...

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