Indian auto parts makers drive overseas for growth


By Rina Chandran MUMBAI, Aug 25 (Reuters) - Indian auto components makers are scouting for distressed firms in the United States and Europe to gain a foothold in these markets and access technologies and clients even as western manufacturers look to trim costs. Exports of auto components from Indian firms, whose manufacturing costs are 30-40 percent lower than in the West, have grown at 25 percent a year in the past five years. Consulting firm McKinsey has forecast India's exports can ...

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