| What is your business model? Will you be focusing on the end-user market, too?
Our main focus is OEMs, but we will also be developing a network of agents and dealers to satisfy end-users. What is your R&D spend?
Every year, COBO Group invests over 2.5 per cent of sales turnover in R&D for new products. Every year 15 per cent of the turnover comes from new and innovative products. Is there any specific category of equipment that you are catering to?
Off-highway segment is the primary; specifically agricultural machinery, construction machinery and industrial vehicles. However, the Group is expanding in some niches, such as two-wheelers, luxury cars and marine applications. Do you have any OEMs already to whom you supply in India?
We are working with the majority of International OEMs who are already in India. However, we also have long standing collaborations with local Indian OEMs and this is increasing, due to our business growth here. How do you look at the potential in India as compared to the global market?
This is a huge and growing market. India has a bigger agricultural machinery market than China or any other country. Currently, the level of mechanisation within machinery is still very low compared with developed markets, but there is a gradual shift in India where final users are starting to really understand concepts like functionality, productivity and reliability of their machines. So, components related to machine functionality are becoming very critical, and vehicle manufacturers must upgrade their machines to provide better performance and reliability; that’s where we can help. Moreover, India is exporting a significant number of vehicles and these are extensively equipped with ‘Western’ components. What is your target in the Indian market?
We aim to become a key player and become a solution provider to vehicle manufacturers by deeply understanding their needs and proposing the best solution for the application. We are sure that this approach will enable us to be successful in India. Do you have a plan to make India a hub?
Not immediately, possibly at a later stage. What are your future plans on expansion?
In India, there are some niches where technology and durability are needed and imported components from our Italian headquarters are still competitive. In the long term, there is the possibility that we will establish manufacturing fa- cilities here, but it’s too early to have any kind of time scale yet. | 
