Indian auto industry ready to increase capacity to be part of global supply chain: Vikram Kirloskar
On the issue of US manufacturers shifting production to countries outside of China, Kirloskar said, "Over the last 20 years, we have become of part of global value and supply chain, and to a large extent, a lot of our automotive component which has been exported are highly competitive now"
- Oct 3, 2019,
- Updated Oct 3, 2019 4:14 PM IST
The Indian automotive industry is ready to increase capacity to take on challenges to be a part of the global supply chain, Toyota Kirloskar Motor Vice Chairman Vikram Kirloskar said on Thursday.
On the issue of US manufacturers shifting production to countries outside of China, Kirloskar said Indian companies had now become a part of the global supply chain. "Over the last 20 years, we have become of part of global value and supply chain, and to a large extent, a lot of our automotive component which has been exported are highly competitive now," he added.
US President Donald Trump has asked US manufacturing companies to shift production to countries outside of China, such as Bangladesh and Vietnam, amid the ongoing trade tensions between the world's two biggest economies.
"We are ready to increase our domestic and the export market. For us, regional cooperation is important in the automotive industry to be part of the global supply chain," he said, during a penal discussion at the World Economic Forum's India Economic Summit 2019, in New Delhi.
The Indian automotive industry is ready to increase capacity to take on challenges to be a part of the global supply chain, Toyota Kirloskar Motor Vice Chairman Vikram Kirloskar said on Thursday.
On the issue of US manufacturers shifting production to countries outside of China, Kirloskar said Indian companies had now become a part of the global supply chain. "Over the last 20 years, we have become of part of global value and supply chain, and to a large extent, a lot of our automotive component which has been exported are highly competitive now," he added.
US President Donald Trump has asked US manufacturing companies to shift production to countries outside of China, such as Bangladesh and Vietnam, amid the ongoing trade tensions between the world's two biggest economies.
"We are ready to increase our domestic and the export market. For us, regional cooperation is important in the automotive industry to be part of the global supply chain," he said, during a penal discussion at the World Economic Forum's India Economic Summit 2019, in New Delhi.