By Narayanan Somasundaram MUMBAI, Feb 21 (Reuters) - Indian auto-component makers could see their growth plans stymied by the rising valuations of their western targets, making it difficult to close acquisitions overseas, industry players said. The race by Indian, Chinese and east European auto-parts makers to acquire units has doubled the asking price of target firms to an average seven times their operating profit, and are slowing down deals for Indian firms, they said. "We have been ...
Premium Content (PAID Subscription Required)
"High valuations spoil auto-parts cos' overseas plans" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.