DETROIT – Although often overshadowed by China’s monolithic presence, India represents a viable alternative for those manufacturers looking to either complement existing Asia-Pacific operations or make a strategic, longer-term investment in an emerging domestic market.
Current AUTOFACTS light vehicle forecast analysis (05Q4) indicates that India will contribute 9.2% to global capacity growth (736K units) from 2004-2012. This growth ranks third behind only China and Iran and is greater than ASEAN, Japan and S. Korea combined.
India has become an increasingly attractive investment location following the liberalization and deregulation of the market in 1991. However, serious infrastructure deficiencies and a government mired in bureaucracy has so far constricted the full potential of the market.
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