28 December,2009 07:50 AM IST | | Shashank Shekhar
The dragon is all set to dominate the spare parts business at the upcoming fair at Pragati Maidan
That China has invaded the markets world over with its cheap and innovative products is nothing new and the upcoming auto expo in New Delhi would be no exception.
The tenth edition of the global auto fair to be held at Pragati Maidan from January 5, 2010 will see an aggressive participation from the Chinese spares makers.
Among all international participants, China has booked the maximum floor space for the auto spare part, indicating their interest in Indian auto market.
Of the total space of 38,000 square metre allotted to auto component makers at the expo, 5,000 square metre has been booked only by Chinese companies.
That's three times what they occupied at the previous expo and two-and-a-half times the next biggest foreign entry: German firms, who have booked 2000 square metre. Indian exhibitors have taken up 30,000 square metre.
Aggressive presence at the auto expo gives out clear message that China is now looking at seriously play in India and has its strategy for the country marked out.
Jayant Davar, vice-president of the Automotive Component Manufacturers Association of India (ACMA) adds:
"Indian auto component makers do have apprehensions as the Chinese industry is a volume-oriented one, and some chunk of that will be re-directed to India."
India imported Rs 2,000 crore worth components from China in 2008, while domestic players exported parts worth Rs100 crore.
However, Vishnu Mathur, executive director, ACMA added, "Ours being an open market we cannot restrict the Chinese from doing business here, but if we notice a case of dumping we would request the government to implement the anti-dumping duties."
