MUMBAI – India’s auto component industry is undergoing a remarkable but smooth transition at the same time it pushes into U.S., European and Asian markets. For years, the industry suffered from fragmentation of more than 1,000 unorganized and unlisted companies. All lacked economies of scale and offered little standardization. Now all that is changing. More than 300 companies now have ISO 9000 certification. Nearly 50 have international QS qualification for the automobile ...

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