Nine Indian companies visit Navarre in search of business opportunities in the automotive sector


As part of the actions planned in the Navarra International Plan, representatives of GNA Axles, MK Autocomponents India, NRB Bearings, Pavna Industries, Swapnil Switches, Pearl Engineering Company, SEP India, Subros and Technocrat Connectivity Systems met with more than a dozen companies from Navarra. The purpose of the visit, promoted by ACMA, the Indian association of automotive component manufacturers, was to promote the automotive industry in Navarre and to facilitate meetings and synergies between Navarrese and Indian companies belonging to the automotive value chain.

The opening of the mission was attended by the Regional Minister of Industry and Ecological and Digital Business Transition, Mikel Irujo; Vinnie Mehta, Director General of ACMA, the Indian association of automotive component manufacturers, represented by its Director General; and the subsequent presentation of the automotive sector in Navarre by Guillermo Alonso, head of the investment attraction area of Sodena, together with Estibalitz Erauzquin, Director General of NAITEC, Navarre’s technology centre for mobility and mechatronics. In this way, the Indian delegation was able to get to know the aforementioned technology centre, in addition to visiting Beeplanet, a Navarrese company specialising in the integrated management of second-life batteries from electric vehicles.

Subsequently, after the presentation of the Indian automotive sector by ACMA, meetings were held between Navarrese and Indian companies in order to analyse opportunities for collaboration and business in different areas of the automotive sector. The participating companies held various meetings not only to discuss business relations, but also to exchange knowledge and impressions.

The importance of India at a global level continues to grow and in recent years it has also grown for Navarre. Last year, Navarrese companies sold 94.24 million euros to India, 76.65% more than the previous year. In fact, most of the exports to India are vehicles. In 2022, more than 140 companies from Navarre sold their products in the Asian country, where there are 18 Navarrese establishments, most of them productive and belonging to the automotive and wind energy sectors. It is worth highlighting the small hub of Navarrese companies located in Tamil Nadu in the southwest of India, being “the place in the world with the highest density of Navarrese companies”, Irujo underlined in his speech.

Source: Navarra Capital