The CII President said that the Indian auto ancillary industry should expand its export list and reach at least 5% of global components trade by 2026. He shared his views at the 61st annual session of ACMA.

This deal is among the biggest in the European auto parts industry and would create a big company with 150,000 employees. Faurecia beat out competition from car-parts maker Mahle and Plastic Omnium.