News: Indian auto delegation headed for Germany

(PTI 16/09/2006) New Delhi - A delegation of Indian auto and auto-components sector, which is gaining global prominence, will take part in Automechanika show in Frankfurt and the International Commercial Vehicles Exhibition in Hannover this month.

The delegation would also take part in the buyer-sellers meets at these shows during its seven-day visit to Germanay starting September 16, a release said.

A German delegation would later visit India to participate in 'Automation 2006' in Mumbai from Sep 27-30.

German companies such as Siemens, Rittal, Lapp, Leoni & IFM would participate in Automation 2006.

Global auto manufacturers have started looking at the Indian auto sector because of the cost advantages it offers.

The export of Indian auto components increased by 28 per cent in 2005-06 and touched $1.8 billion. Exports are expected to touch $25 billion by 2015, according to a study conducted by McKinsey.