India: New Promising Market for Austrian Supply Industry

Industrials › Automotive ♦ Published: November 23, 2010; 14:27 ♦ (Vindobona)

Car sales in India rise steadily by 30%. Indian vehicle and component manufacturers are increasingly showing interest in foreign technology.

India: New Promising Market for Austrian Supply Industry / Picture: © Vindobona.org

"The Indian automotive and automotive supplier industry booms. Only the sales figures in the passenger car sector grew between April and August 2010 steadily by about 30% compared with the previous year", reports Hans-Jörg Hörtnagl, Austrian Trade Commissioner in New Delhi. With annual sales of 45 billion U.S. dollars, India's automotive sector is one of the most important…

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