GM places bets on India
Published: Aug 31, 2011
India - The Indian arm of General Motors will be sourcing components for some of the newer models from local manufacturers as well as increase production from 150,000 vehicles to 300,000 by 2014.
"GM is focusing on domestic component manufacturers particularly SMEs and the percentage of locally sourced parts and components in new vehicles can be as high as 95%," said Ashwani Muppasani, vice president of global purchasing and supply chain at General Motors India during the FISME-SMERA ‘Profit from Knowledge Series - Auto Sector' held in Faridabad.
Former chairman and managing director of Sumitomo Corporation of India Keiji Nakajima believed the real source of technologies in Japan is SMEs. However, Japanese SMEs often have negative perceptions about India and fail to see its potential.
A FISME research brief also showed the rising trend of imports of auto components from ASEAN countries, Franchise India reported.
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