Auto component firms’ face-off with fake parts

By admin November 30, 2009 10:34 am IST

The auto parts market, first confronted with global economic slowdown and demand slump, is now facing other odds. Domestic auto component companies are battling against fake auto part companies. The serious development has left mid-size as well as leading players in the auto component industry fretting. 
Companies that make dubious auto parts are not a new threat to the registered and reputed auto component manufacturers. But at a time when demand for their products is gradually rising from original equipment manufacturers (OEMs), the auto component makers are worried that their business would be seriously hit.