India’s leading two-wheeler manufacturers have already started working with suppliers to establish local manufacturing of bulk of the components imported from China by March 2021
NEW DELHI: India’s automakers and component manufacturers should strive to localise bulk of parts imported from China within the next few years to drive cost competitiveness and boost exports, senior industry executives and government officials said.
Automakers should also reach out to the companies that are planning to move out of China and convince them to shift their production to India instead of other countries, they said at the 60th annual convention of Automotive Component Manufacturers Association of India (Acma).
The move to reduce dependence on imports especially from China comes in the aftermath of the recent border standoff between India and China which led to the death of 20 Indian soldiers. India in retaliation resorted to increased inspection of consignments from China and levied import restriction on certain components like tyres which has adversely impacted production of automakers.
Source: livemint
