India looks to shift gears concerning component exports to China

In the financial year ended 31 March 2014, automotive component manufacturers in India reported a combined turnover of Rs.2.11tr (US$34.09bn). This was 2% lower than the Rs2.16tr turnover posted during the previous financial year ended 31 March 2013. While the state of the country's automotive industry was, no doubt, one of the primary reasons for this decline, it was also attributed to increasing imports from China.