Britains supply chain companies look to India for businesses growth as sector

UK supply chain and aftermarket companies were out in force at the Auto Expo 2016 Component Show in New Delhi, India this week, as part of a joint SMMT and UKTI delegation comprising 15 firms – the biggest British automotive trade outing to India of all time. UK exporters are seeking opportunities to expand their businesses in the rapidly growing Indian market, with increasing demand for both high-quality components and UK-built premium vehicles.Speaking at the unveiling of the UK’s SMMT and UKTI pavilion at the show, Lawrence Davies MBE, Acting Chief Executive Officer, Automotive Investment Organisation, said Britain had cemented itself as the fastest growing automotive manufacturer in Europe and that meant plenty of growth potential for inward investors.“Britain is uniquely placed to return itself as a global leader in car manufacturing and we are accelerating that position with the quality of our products and our R + D into the sector,” said Mr Davies.“Indian companies and manufacturers are critical to our journey. Take for example Jaguar Land Rover, owned by Tata, which recently became the largest automotive manufacturer in Britain.”United Kingdom’s Acting High Commissioner to India, Dr Alexander Evans, said that Britain said such partnerships between British and Indian companies, like that of Tata, is a true example of the power of collaboration.“Such partnerships celebrate the essence of GREAT for Collaboration, an exciting campaign launched by our two Prime Ministers to inspire new partnerships between the UK and India, and encourage greater awareness of the scale of the UK’s commitment to India,” said Dr Evans.“We will continue to boost automotive production in the UK. That means we are looking for more companies to partner with us to satisfy the demand for our cars, and India is well placed to take advantage of this growth,” he said.Nine British automotive manufacturers are participating in this year’s Auto Expo, the biggest delegation to India of all time.Tamzen Isacsson, Society of Motor Manufacturers and Traders Association, said the delegation was a collection of some of Britain’s most cutting-edge supply chain and aftermarket companies.“SMMT is proud to be hosting a delegation for the sixth edition in a row. The Indian and UK automotive sectors have a lot in common – putting engineering creativity, ingenuity and innovation at the forefront of everything we do,” Ms Isacsson said.“With exports of British-built cars to India up three-fold since 2010, and demand increasing in line with the country’s growing economic prosperity, we expect our already close trading relationship to strengthen further right across the industry spectrum as we work together to take advantage of mutually beneficial investment opportunities.”Dr Alexander Evans joined Mr Davies and and Tamzen Isacsson, at an official photocall today announcing a number of  business partnership opportunities between the UK and India, as well as officially opening the UK Pavilion at the Auto Expo event. Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more