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Mobility

Indian auto industry seeks government support for localisation of electronic components

Auto industry body SIAM sought government support for localisation of electronic components, specially semiconductors, which is currently facing a global shortage, stating it would need huge investments. The shortage of semiconductors globally due to a spike in demand from the consumer electronics industry during the COVID-19 lockdowns has impacted automobile manufacturers in India as well. Semiconductors have become a crucial part in modern cars with increased electronic components and connectivity features.

TAGS #SIAM