NEW DELHI: Contrary to the overwhelming response from the vehicle manufacturers community, the component suppliers’ attendance at the Auto Expo 2014, declined to around 1100 compared to 1500 in the previous edition of the show held in 2012. Out of 1100 participants this year close to 700 are Indians while rest 400 are overseas exhibitors.
Experts and industry leaders blame the bad economic environment and shift in venue for the cold response from component sector. “Participation from the auto component industry may be lower than previous Auto expo due to the difficult market conditions and also different sites for the vehicle manufacturers due to space constraints,” Rakesh Batra, National Leader- Automotive Practices, Ernst & Young. Read More
By Nabeel A. Khan