India, China auto CEOs discuss JVs, market

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A delegation of 20 CEOs of top Indian auto component manufacturing companies today met with their Chinese counterparts to explore possibilities of exporting their products, and setting up joint ventures and strategic alliances.

The CEOs delegation is here to understand the status of China's auto supply chain relating to existing levels of technology, quality, productivity and research and development initiatives, said Automotive Components Manufacturers Association of India (ACMA) President Srivats Ram.

The delegation also wants to explore opportunities of possible engagement and enhancing business linkages with the Chinese automotive industry including partnership, potential JVs and strategic partnership, he added.

India, the seventh largest producer of automobiles, manufactured 14 million vehicles of different kinds last year and is all set to produce about 28.5 million in 2015, he said while introducing the Indian delegation with the Chinese auto sector executives.-PTI

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