"Post the lockdowns, our value chains (including automotive) have been severely disrupted and are in disarray. We are gradually piecing them together. Any further disruptions would only be detrimental to the interest of industry and the economy," said Vinnie Mehta, Director General, Automotive Component Manufacturers Association of India (ACMA). He noted that while encouraging localisation strategy, the country should also not shy away from investments coming from China.
"India should welcome investments from China as they are needed for job creation and technology absorption. We should, however, not be serving our domestic market on a platter, we should ensure that investments lead to creation of Indian IPs as also exports," Mehta said.
The major component imports from China include drive transmission and steering parts, electronic and electrical items, cooling systems, suspension and braking parts. Lack of technological competence with domestic players in various segments like electronics and BSVI components and sheer price advantage are the two main factors which support Chinese imports, Mehta said.
The major component imports from China include drive transmission and steering parts, electronic and electrical items, cooling systems, suspension and braking parts.
Lack of technological competence with domestic players in various segments like electronics and BSVI components and sheer price advantage are the two main factors which support Chinese imports, Mehta said.
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