New Delhi, Jan 8
Delphi Automotive Systems is looking to double its revenues from India by 2015, by which time the Asia-Pacific region is expected to account for 30 per cent of its global revenues.
“APAC (Asia-Pacific and China) is a key region for Delphi, representing many growth opportunities. With India and China contributing the lion's share, we expect revenues from the region to be around 30 per cent of our global turnover by 2015,” Mr Dominic Yuklam Seto, Managing Director, APAC, Delphi Product & Service Solutions (DPSS), told Business Line at the Auto Expo here on Thursday.
Europe and America generate the highest revenues for the company currently. It now plans to keep pace with demand in the Indian market. “Verticals such as vehicle electronic systems, thermal products and chassis products have huge potential to grow as the market develops,” he said. Delphi is also eyeing India as a major export base, especially with the joint venture with Roulands, which makes brake pads.
Delphi supplies suspension, shafts, fuel pump motors, braking systems and other products to companies such as General Motors, Maruti Suzuki and Tata Motors. It has five plants in India with 65 distributors and around 4,000 dealerships.
Delphi also announced it would launch a CNG retrofit kit for the domestic auto aftermarket by the month-end. This is for engine capacities of 795 cc to 1,987 cc. The expected fuel economy is nearly 37 km to a litre on a 1,060 cc vehicle with air-conditioning.
“The kit delivers high quality with all components validated to ISO 15500 standards. Its compact design allows it to be placed with ease in all cars. It will initially be available in the Delhi NCR region, followed by other parts of the country this year,” said Mr K Ramesh Rao, Country Director, DPSS India.
Delphi, with 800 employees at its Bangalore technical centre, plans to add 150 more in the next two years.Related Stories:
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