MUMBAI – India’s automotive component makers are steering their way up the value chain in order to remain competitive for the challenges that lay ahead. According to estimates, India’s auto industry by 2020 will reach total annual production of 42 million passenger and commercial vehicles, as well as bikes, scooters and public transport. Annual sales by components makers total Rs1.2 trillion ($26 billion), and suppliers are drawing up plans to increase their turnover more than fourfold ...
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