Do we see India as larget sourcing hub for automotive components

Thanks for initiating such a wonderful debate Mr.Prakash

In my opinion the Indian auto component industry is one of India's sunrise industries with tremendous growth prospects. From a low-key supplier providing components to the domestic market alone, the industry has emerged as one of the key auto components centres in Asia and is today seen as a significant player in the global automotive supply chain. India is now a supplier of a range of high-value and critical automobile components to global auto makers such as General Motors, Toyota, Ford and Volkswagen, amongst others. The Indian automotive industry has a turnover of more than $18 billion (Rs.90,000 crore) today and expects to gain significantly through new tie-ups, partnerships and marketing initiatives. The auto sector is betting big as makers of luxury cars are increasingly looking at making India a sourcing hub for components, besides using more local components in cars for the domestic market.

I think we have a strong competition from China on the pricing however we surely have strong quality standards which can surely contribute for making India as the largest sourcing hub for Auto components