GreenCell's (GCLL) New Product Could Grab a Piece of the Multi-Billion Dollar Components Industry

NEW YORK, NY -- (Marketwire) -- 02/17/12 -- GreenCell, Inc. (OTCBB: GCLL) has recently announced they have begun development of a new oxygen sensor that is non-precious metal based.

It is believed that by 2015, the global auto component industry, which is dominated by Toyota (NYSE: TM), Ford (NYSE: F) and Honda (NYSE: HMC), would reach $1.9 trillion. With different low cost countries emerging at a fast pace in this industry, it is also expected that around 40% of the money will be sourced from such countries. India is one of such low cost countries. At present, it has only 0.4% of the global auto components trade of $185 billion. By the year 2025, it is expected that India might be among the top five auto component economies.

The United States of America is the world's largest producer and consumer of motor vehicles and automobiles accounting for 6.6 million direct and spin-off jobs and represents nearly 10% of the US economy. Auto components, including oxygen sensors, amount to 31.5% share of the global automobiles and components industry group's value.

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