Experts see significant potential for the automotive market in the cooperation between Russia and India. The rapid growth of mechanical engineering and the budget segment in India, as well as the expansion of component supplies, could significantly change the balance of power in the Russian Federation.
Indian Industry Reaching a New Level
According to Avtovzglyad analysts, India is becoming one of Russia's most promising partners. Economic and demographic growth create a solid foundation for long-term cooperation, including in the automotive sector.
The country is actively developing not only traditionally strong industries — IT and pharmaceuticals — but also mechanical engineering, which has shown accelerated growth in recent years.
What India Can Offer the Russian Market
The expansion of the production of paints and varnishes and plastics in the Delhi area contributes to the strengthening of trade ties. Increased competition in the auto parts and repair segment amid rising prices may lead to lower costs for services and components.
Indian companies are ready to enter the Russian Federation with a wide range of products: from industrial equipment and machine tools to components and cars.
India has offers in the most budget segment. In the case of a large contract, it may receive a steering wheel transfer from right to left. In particular, Maruti Suzuki products in the form of the Alto model, the most popular and incredibly cheap Indian car, and the S-Presso, built on the basis of the Suzuki Swift.
Benefit for Russia
Russia is interested in expanding the model range and increasing the share of affordable cars. Cooperation with India can accelerate the development of local industry, as well as create an alternative to supplies from other regions.
Raskin recalled that the Russian representative office of Suzuki had repeatedly spoken about the relevance of the idea of Indian deliveries and even said that they had gone to the factory to assess the situation.
Will Lada Granta get a competitor? It's hard to believe, because, let us remind you, talk about the possible appearance of Indian cars on our market started back in 2022, but things didn't go further than assumptions. But hope, as we know, dies last.
Strengthening ties with Indian manufacturers opens up new opportunities for both states and may become one of the key areas for the automotive industry in the coming years.
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