German auto industry rapidly shifting towards India

By agencies   |   Tuesday, 21 June 2005, 19:30 IST   |    3 Comments
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NEW DELHI: The German automotive industry is rapidly shifting towards India, as it is emerging an important partner for the European giant's automotive industry, according to Verband der Automobilindustrie (VDA) President Bernd Gottschalk. The German automotive industry is now rapidly shifting from other low cost countries to India. It is necessary for the German companies to work out long-term strategies for cooperartion with Indian component manufacturers, he said. The president of the body controlling Germany's quality management system for auto industry said working with Indian companies would enable German companies to remain competitive and also preserve manufacturing jobs at home. He also said India represented a more robust and sustained market for automobiles than most other developing countries like China, as India's urban development record was better. Gottschalk was addressing a seminar organized by VDA in collaboration with Automotive Component Manufacturers Association of India (ACMA) in Frankfurt last week, a release by ACMA said.