Chinese carmakers' global ambitions may spell business for Indian suppliers
Mumbai, Aug. 13 -- India's largest auto parts maker, Samvardhana Motherson International Ltd (SAMIL), sees a fresh growth opportunity in the expansion of Chinese automakers beyond mainland China, after Sona Comstar identified the trend as a key business opportunity.
Motherson's management told Mint that while the company's business inside China has been majorly with non-Chinese carmakers, it is well positioned to support Chinese companies as they establish factories in markets such as Europe, Southeast Asia and Latin America.
Chinese automakers such as BYD Co. Ltd, SAIC Motor Corp. Ltd and Chery Automobile Co. Ltd are accelerating their global expansion, even as Western carmakers, including General Motors Co., Ford Motor Co., Stellantis...
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