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Volkswagen's widening scandal over emission tests has hit the secondary prices of autocomponent suppliers.
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Next, start the ground engine, drive the autocomponent out of the fuselage and you are on your way.
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The proposal, open to automakers or autocomponent suppliers, would require assurances of the long term viability of the companies.
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According to Deshmukh, valuations in the autocomponent space have been under control, which makes Minda Corporation an attractive opportunity.
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This helped to build the automobile and autocomponent industry in India, the official said, seeking anonymity in line with government policy.
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The deal with Neumayer Tekfor may push it ahead of Sundaram Clayton as the second largest Indian autocomponent firm by revenues.
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The autocomponent sector continues to see regular private equity action though it may not be one of the favourite sectors for PE funds.
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Privately held Agile Electric holds 62.8 per cent of public listed autocomponent firm Igarshi Motors and the transaction will trigger an open offer.
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Analysts have said that growing trend, combined with the country's own rising demand, could grow the Indian autocomponent industry to $113 bln by 2020.
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GKN makes autocomponents as well as airframes for planemakers Airbus and Boeing .
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They include toys, plastics, steel items, electronics and specific autocomponents - which feed vehicle manufacturing.
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Basic Element said its cooperation with Magna to develop an autocomponents business in Russia would continue.
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Employees pack autocomponents at a factory in Noida May 5, 2011.
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Shifting production overseas takes time, but for example we can vastly increase purchases of autocomponents from abroad.
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The Company is engaged in the manufacturing and sale of autocomponents for two wheelers and four wheelers.
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GM stock also outgained the S&P AutoComponent Index by a 2-to-1 margin.