USA: Automakers' Faith in India Is Good News for Parts Vendors, Says Frost & Sullivan
As demand in India for world-class products and services continues to increase and price becomes less of an issue, India's automotive market is expected to experience explosive growth. Additionally, the government's commitment to the World Trade Organization (WTO) and strict action on emissions is bringing in a flood of new-generation vehicles. India's confident, prosperous middle class -- helped by easy vehicle finance -- is absorbing that flood. This is projected to create significant revenue-generating opportunities for automotive component manufacturers.
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