| Speaking to mediapersons on the sidelines of the inauguration of the 'Global Auto Components Sourcing Fair', he said that the company was currently buying components worth $150 million (about Rs 688 crore) from India. |
| The $10-billion company currently sources engines and components from over 30 Indian companies. It would be looking to source complex fuel systems, advanced electronics, censors, among others from India. |
| He said that China and India were key sourcing countries in its strategy of sourcing components from low-cost countries, which accounts for 25 per cent of its global sourcing. It sources components from over 10 low-cost countries. |
| On comparison between India and China, he said both countries had competitive strengths and quality suppliers in different areas. Krishnappa, who was here to inaugurate the fair, also inaugurated a dedicated assembly line set up at an investment of $10 million by Autotech Industries for the supply of engine parts to Scania, a leading Swedish commercial vehicle manufacturer. Autotech has also been supplying engines to Cummins for over five years. |
| Cummins Inc has 11 businesses in India, which is one of its largest and fastest growing markets. |
| Earlier, addressing the fair inaugural meeting, he asked the companies to focus on quality and timely delivery of products and customer support. |
| "You have to understand what it takes to please the customers," he added. |
| Sharing his company's export journey, S Seetharaman, chairman and managing director, Super Auto Forge Ltd, highlighted 10 important factors needed to be followed while dealing with global customers. |
| The fair is organised as a concurrent event of ACMEE 2006, the seventh international trade exhibition being held in Chennai, to provide opportunities for the auto component manufacturers and the sourcing leaders. |
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