New Delhi, Oct. 3 -- India's top automobile component makers are borrowing from market leader Samvardhana Motherson International Ltd's playbook to pursue global expansion as they face headwinds in their two largest export markets-the US and Europe.
Tata AutoComp has acquired companies in Europe and Latin America, while Sona Comstar has entered China with a partnership, targeting its electric vehicle market. Anand Group bought a Swiss firm, while Minda Corp has struck joint ventures in Taiwan, China and Japan.
This follows co-founder Vivek Chaand Sehgal's Motherson's approach, which has built presence across more than 40 countries through acquisitions and joint ventures. Its revenue has also more than doubled from $10 billion in FY2020 ...
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