New York Statesman
NewYorkStatesman.com Wednesday 8th February 2012 Issue 2012/0604
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    India to grow in car parts market
    New York Statesman
    Sunday 5th September, 2010  


    The Indian auto components sector is likely to grow five times to $110 billion in the next decade.

    Analysts in the automotive field have said the auto components sector in India will be expected to provide employment to about 41 million skilled people, helping to add to 3.6% to India's gross domestic product by 2020.

    About $80 billion of investment for tooling up component industries will come from India.

    The Indian vehicles industry has recently increased by about 30%.


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