NEW DELHI (DNA Money) – “The auto industry in Iran is looking up to India as a senior partner to procure technology from since [part of] the West has stopped transferring technology to Iran,” Society of Indian Automobile Manufacturers (SIAM) director general Dilip Chenoy said.

He revealed that three Indian manufacturers had signed deals to open up in the Iranian market.

While all the big-ticket investment and launch plans might have grabbed the headlines at the just concluded Auto Expo, it was the auto components industry that quietly went about garnering all the orders estimated at $150 million.