Chennai | Mumbai: The upward trend of the car can be, but the slowing global auto-component company with one central doctrine of necessity learned tospread risks
Auto bearing pins and not all eggs in one basket. While in the past,
spare auto parts I and Tier II suppliers was Gung-Ho on the export market, dozens of auto parts companies have begun to evaluate seriously the possibility of diversification.
linear ball screw
Those who have gone to Bharat Forge, Sundram Fasteners, Alloy in India, Shriram Pistons, Lucas TVS, Auto-tech industries, India Pistons, Super Auto Forge Susira, the Mahindra, Tata, Lakshmi Precision Tools, Caparo Fasteners, Tools Sterling , Caparo Engineering Maini.
While India has a cost advantage in casting and forging her as manufacturing costs in India are 25-30% smaller in Western countries, is part of the decision-making in non-core businesses to diversify in order to isolate the cyclical nature of automotive activities. Can spare capacity and distribution channels to use.
Many industries such as aerospace, defense, energy and oil prices have synergies with the automotive industry in terms of production and know-how, say industry experts. This new growth opportunities that can be implemented without significant investment, says Ashok Taneja, MD, Shriram Pistons, who have great interest in aviation.
airlines worldwide, including Airbus and Boeing, have tried to increase their emissions by supplying more evidence from India. Recently, Ian Thomas, president of Boeing France, was quoted as saying: We seek partnerships with several Indian companies for the various aircraft parts. In the next 3-5 years, the infrastructure sector is looking to invest over 500 billion dollars.
