> Warren Buffett Blog: Wabco India growing

Thursday, April 3, 2014

Wabco India growing

Wabco Holdings, the Warren Buffett-backed auto parts maker in India, has cornered a majority of the market in several segments in India, but the company said its innings in the country is only just beginning. New laws making advanced braking systems mandatory and intensifying competition in the auto segment due to the emergence of new players will push up demand for Wabco's products in the country, 

Wabco is betting that the changing Indian commercial vehicle landscape, which now has 12 players compared with two until a decade ago, will push demand for new fuel-efficient technologies. Wabco customers include Daimler, Volvo, Ashok Leyland and Tata Motors.

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