Just as India's auto parts industry was hit by low prices from Chinese exports , a delegation from Chongqing, China was looking for business opportunities on Indian land.
According to reports, the Chinese delegation held talks with many Indian auto parts companies last week. And promised that if the Indian company intends to establish a cylinder head production department, China will provide technical cooperation, and both China and India have expressed their willingness to continue to promote cooperation.
Concerns from India are that according to ACMA data, the entire automotive industry in 2005 will have a turnover of 10 billion US dollars, including 2 billion exports, while the industry size in the previous fiscal year was 8.7 billion US dollars, of which 1.4 billion came from exports. . It is predicted that the entire automobile industry will form a size of 40 billion US dollars by 2014. Therefore, the huge development prospects of the Indian auto industry have made Indian auto parts manufacturers more worried that importing auto parts from China may pose a certain threat to the Indian parts industry.
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