New Delhi: Australian auto component makers from the state of Victoria are looking to tap oppourtunities in the Indian market by supplying to vehicle manufacturers here, which are facing a demand supply gap. Currently a delegation led by Victoria State Commissioner Tim Dillon and comprising nine firms, are meeting top officials of various automobile firms across the country. "This is the largest automotive trade mission to India from Victoria," Dillon said. Besides the auto sector, currently 65 companies across different business sectors from Victoria are present in India and the target is to take it to 300 companies, he added. The business areas, where the firms are present in India, include food and beverages, aviation, automobile, engineering and building technologies, he added. Elaborating on the current visit, Victorian Automotive Mission Head Barry Comben said: "We know that there are capacity constraints for the component suppliers in India. This can be, in fact, an opportunity for Australian firms and we are exploring if we can export parts to India." The delegation has already met major auto makers, including Mahindra & Mahindra, TVS Motor Company, Mahindra REVA and Renault Nissan. It will be meeting other firms such as General Motors India, Tata Motors and the Anand Group. "We are looking at various options with the OEMs and suppliers, including technology transfer or forming a joint venture... We are very flexible," Comben said. The firms can also come on their own as volumes increase here once they start supplying, he added. Already two firms, MtM and Davies Craig supply their products to Mahindra & Mahindra. As part of joint initiative, Australian industry body Federation of Automotive Products Manufacturers (FAPM) will sign a memorandum of understanding with Automotive Component Manufacturers Association of India (ACMA) tomorrow.