- Auto component exports from India increased from $450 million in 1999-2000 to over $800 million in 2003. This is expected to go up to $1 billion by 2005 and further to $2.5 billion by 2010.
- Indian industry is 10-15 per cent cheaper than other countries
- Global companies are also seeking component designs. They are developing product iprs in India.
- Indica and Scorpio have shown that India can design a world-class car at a low cost. Telco is supplying modified Indicas to Rover, to be sold in the UK as CityRover.
- Ford exports CKDs/SKDs of Ikon with over 80 per cent local content. Fiat plans to source components worth $200 m per year. DaimlerChrysler has set up seven JVs for global outsourcing.
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