Thursday, January 12, 2012

Malaysia eyes India’s automotive segment


The world's fourth largest natural rubber producing country aims to sell rubber automotive parts in India. Malaysian exporters are trying to force into India's vibrant automotive segment and are confident about their quality products which have an edge to penetrate the already congested Indian market. 

According to a auto industry analysts, Indian passenger car sales is forecasted to hit a healthy 11-13% growth in 2012. Overall, India imported rubber based automotive parts worth US$356 million in 2010, with Malaysian exporters grabbing roughly 2% of the market share, making Malaysia the 11th largest foreign supplier.

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