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India's drive to rule the world
Asia Times Online
By Kunal Kumar Kundu
MUMBAI - The past couple of years have marked the beginning of another growth cycle of the auto component industry in India. After a roller-coaster ride during the late 1990s and the first two years of the new century, the domestic auto component industry is settling down to a more stable and sustained growth pattern.
While raw material prices have been rising, there has been a substantial volume growth. However, while overall sales grew, the operating margins of the industry were under severe pressure. Consequently, the industry continues to lay strong emphasis on productivity improvement initiatives to sustain profitability. However, the most significant and impacting development that has taken place is in the area of global outsourcing. ........................
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