Fiat has already started such a venture by opening its international purchase office to tap vendors in
Foreign car manufacturers want a centralized agency
The pressure from rising input costs across the world has pushed several car companies to look for a centralized sourcing unit to control costs for them. Car manufacturers such as GM, Ford, Suzuki and Fiat have been looking at vendors from India and China
The agency could find cheaper markets in different countries. The Europe and west have ensured that resource rich Africa remains poor with infighting. The South America and east Asian countries have been pre-occupied with natural calamities. It is only India which has developed core manufacturing sector which can cater to its demands. India should use this opportunity to leverage benefits from it.
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