Shriram Pistons & Rings

"In anticipation of a market expansion following the lifting of sanctions, Indian component makers have lapped up all the space available to them at the Iran automobile parts fair slated for November. Twenty-five component makers have booked space quickly, making it a full house, with some companies unable to find space. 'The Iran deal happened this week, but there was anticipation that there would be a breakthrough because talks were on. The auto industry in Iran and the aftermarket was not showing growth for the last couple of years due to low movement of goods. Once sanctions are lifted, original equipment manufacturers from markets like Europe will rush to Iran. India already enjoys an image of a quality supplier with such companies. We hope to expand exports,' said Rajinder Kakroo, general manager in charge of exports at Shriram Pistons." (Business Standard, "Indian auto component makers bet big on Iran," 7/17/15)