INDIA: World beats a new path to local automotive parts makers - paper
The scramble by a recession-wounded global automotive industry to find a source for low-cost, high-quality components has been a big boon to India's automotive parts makers, according to the New York Times (NYT). The newspaper said that, among the rash of announcements just this month was one by Delphi Corporation, the world's largest automotive parts maker, saying that it would have $US140 million worth of auto parts — forged engine parts, intricate plastic mouldings and other products — made by Indian concerns, and that such orders were expected to exceed $US250 million a year by 2007.
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