Autoliv says its sales will grow in China and India in 2009, despite declining by around a quarter overall.
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Autoliv CEO Jan Carlsson told Dagens Industri (DI) that Autoliv’s sales will increase by 35% to some SEK 4 billion (EUR 367.7m) in China and by 50% to SEK 600 million in India in 2009.
However, the projected 25% decline in overall Autoliv sales this year is due to collapsed volume in North America and Western Europe.
Autoliv’s market share in China will grow to 40% from 35% in the coming years, according to Carlsson.
India will become a global centre for production and development of small cars, mainly due to the success of the launch of Tata Nano, Carlsson told DI.
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By GlobalDataThe report also said that Autoliv plans to deliver seat belts to 50% of the 200,000 Tata Nano cars which Tata Motors plans to produce annually.
