Good to know that major car makers and auto suppliers are entering the Indian market and making the industry more competitive and winning.
Magna, North America's largest auto parts supplier, is now planning to open a new factory in India. This plan is implemented with a desire of boosting car sales in Asia. India being the cheapest resource for production and manufacturing is targeted by the company. The factory is expected to start next year in Pune and will produce powertrain parts for Indian car industry, cutting its dependence on North America.
Do you think the expansion plan of Magna will be successful? We definitely think so because so much efforts and investment can never go waste. This factory will definitely bring a win-win situation for the Indian car industry.
Labels: Indian-car-industry, Magna
