Carmakers Around World Are Turning to India for Parts

India’s auto parts industry is finding new success as global carmakers struggle to find low-cost, high-quality parts. It is these two qualifications that give India, with its cheap skilled workers and locally produced raw materials, an edge over other developing economies. But although the industry is growing rapidly within the country, problems remain. Competition from other South Asian countries is high, and many of India’s family-owned auto parts firms have been slow to adapt to global business standards. Still, Indian businessmen maintain that they can match any country on cost and beat them on quality too. - YaleGlobal