Taipei, Dec. 2, 2009 (CENS)--Mahindra and Mahindra Co., Ltd., a major maker of various industrial and transportation vehicles in India, recently held a procurement meeting with more than 40 representatives of auto-parts and vehicle makers in Taiwan, according to the Taiwan External Trade Development Council (TAITRA).
Rahul Chemburkar, Mahindra`s senior global procurement manager, met one-on-one 16 local companies after introducing corporate purchase policies, saying that Mahindra is expected to procure about US$3.4 million in automotive-electronics parts, especially alternators and GPS navigation equipment.
Mahnidra Group kicked off career in 1945 by assembling the Willys Jeep in India and is now a multinational conglomerate with annual revenue of about US$6.7 billion (in 2009). It employs over 1,00,000 people worldwide and is a major force in the world in utility vehicles, tractors and information technology.
According to Chemburkar, Mahindra procured about US$10 million worth of products from foreign suppliers in 2008 and the value is expected to grow to US$18 million this year. He explained that two major factors lead to Mahindra`s rapid growth in purchase value, including the lowering tariffs on imported vehicle parts after India became a member of the World Trade Organization (WTO) and cost/performance concerns in comparison between India- and other nation-made products.
He added that about 2.24 million automobiles are expected to be sold in India this year, and the volume is estimated to reach 3.2 million by 2012.
Major Taiwanese parts suppliers at the procurement meeting included Tong Tong Yang Industrial Co., Ltd. (body parts), Federal Corp. (rubber tire), Unipoint Electric Manufacturing Co., Ltd. (electrical parts), Tung Thih Electronic Co., Ltd. (automotive electronics) etc.
Taiwan`s automaker China Motor Corp.`s representatives said that Mahindra already knows about their company`s advanced safety electronics systems, such as the eagle view system (for 360-degree image monitoring) and auto rain system etc., and are very interested in such new products.
Source: cens.com/
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