Indian Automotive Suppliers Have a Promising Future
I will not be the first one to say that Indian automotive suppliers have a promising future; analysts from consultancies, big and small, have already stated that in many of their glitzy presentations to present and propsective clients. What I am observing is a trend that is getting stronger and stronger.
OEM purchase managers across the world no longer look at India and move on, the idea is now to have a deeper look at whats happening here. But more than OEMs, it is the Tier I and some Tier II suppliers that are taking a very deep interest in India. These are the companies hardest hit by rising costs and a slump in the North American industry. For them Indian companies are ‘White Knights’, as put by one of the leading pink papers recently.
Surely, a dependable Indian supplier catering to a part of any program will mean significant cost reduction. Good for business is that Indians speak English and realize very Continue Reading..