The 10th AutoExpo 2010 - New Delhi, was organized by SIAM
Jan 5th-11th 2010. The expo had a great response from general public. 2100
Participants unveiled 50 products. Of these 10 were global cars makers.
Injectoplast showcased its capability in Engine Parts
alongwith participation of Polytec Germany. There has been good
response from current and potential customers. This expo will open the
door for more opportunity of moving up the value chain of becoming a Systems
Supplier for Inejctoplast.
As the trend is emerging from these shows that India is
seen as hub for manufacture of small car which will also feed the global
markets.
Indian middle class will drive this market since the No. of
Cars/ 1000 person in India is 11 over 22 of China, 102 of Brazil. The 2009-2010
car production in India is estimated to be 1,420,000 .
The growth rate of Indian automotive market has been 18%
over 2008; compare it with China 42% and US (-21%.).