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Manufacturing/Make in India

Auto component manufacturers to increase localisation to 100%

Union Minister asked automobile manufacturers to hike localisation of components to 100% or else the government will think of increasing basic customs duty on imported items, but the auto industry wants support for localisation of electronic parts, specially semiconductors. Speaking at an event organised by the Automotive Components Manufacturers Association of India (ACMA), Minister of Road Transport and Highways, said the present level of localisation of parts in the Indian auto sector is around 70% and "at any cost we need to stop imports of auto components".

TAGS #ACMA