Govt to study auto supply chain to boost localisation
NEW DELHI: The go nment has sought detailed information from automobile manufacturers on investments in the country, industry imports and localisation levels across value chains in a bid to curb imports and prome indigenous manufacturing.
The move follows a meeting between commerce & industry minister Piyush Goyal and senior auto industry representatives on August 13 to deliberate on possibilities of increasing localisation in the automotive sector, which was followed up with a review meeting on Friday, where 24 sectors were reviewed. is India’s largest supplier of auto parts.
Sources in the know told ET the need for reduction in imports of steel, tyres, ronic components and parts of ric vehicles were discussed in detail. The industry said if it could attain the target of selling 65 million vehicles annually by 2026 as outlined in the Automotive Mission Plan, it will give it scale required for a very high level of localisation.
The commerce ministry thereafter directed the industry to share company-specific information related to investments, localisation levels, exports, imports and royalty payments. Industry body Society of Indian Automobile Manufacturers (SIAM) has been asked to collate the data and share it.
“There is a lot of pressure. The go nment has been holding review meetings every fortnight to look at ways to increase localisation levels not only at the level of original equipment manufacturers (OEMs) but also their tier-I and tier-II vendors.. The minister understands sourcing is top-down and has asked vehicle makers to submit the required data,” an industry executive said on condition of anonymity.
译文来源：三泰虎 http://www.santaihu.com/p/50633.html 译者：Jessica.Wu
Sir how does EV suit Indian interests when most of the global Lithium mines are controlled by the ? We need to look at alternate technologies to power EV cars. Li-ion won’t just do for India.
The so-called British car “M G Hector” is not even sold in the UK & it’s a clone of car Baojun-530. MG Motors is directly owned by -govt/, that killed our precious 20 soldiers. Thinking face Think. We need to create a manufacturing eco sy em in India in the long term.
Harshad B Chauhan
Simply give lucrative incentives to manufacturing of Auto Parts for a fixed period like zero GST for a year or two.
India has to just copy and paste the growth strategy, but without stealing and cheating with an independent central think tank guiding the nation to which all po itical parties must subscriber for the growth of our nation. The Japanese observe all of this unsaid, to have led their country to an economic super power.
Ray Rainer well said, and in 100% agreement with your views.
Should have banned auto components earlier during Congress rule. BJP did not either act on this from 2014. Too much thought of being nice to as a neighbour?? This was a crazy policy, which only benefitted the . What a shame, 20 JAWANS GAVE THEIR LIVES FOR THIS RADICAL POLICY CHANGE!!!! If we had been tough with from the start of its rise, this would have not happened. The is a an expansionist which does not give two hoots to anyone country. 's confrontation with US proves this point. has to be undressed economically for it to realize it's misdeeds
MUCH DELAYED. SHOULD HAVE BEEN IMPLEMENTED DURING EARLIER CONGRESS RULE. WHY DID NOT BJP SEE THIS AT THEIR START IN 2014.
Rise of Indian industry is phenomenal & there is a huge untapped pential in the country.giant automakers needs to share technology with auto ancillary units to deliver them the quality components at competitive price.
Our nikamma leader hasn't done anything so far which is well planned and well thought.
Simple If the Auto manufacturer want cher imports,
then what's wrong in importing cher automobile from .
if they can buy local.
why shud some one buy from them.
High time our corporates respect Indian supply chain.
provide more subsidies and loans for Indian companies. Cut the red tape.
Showkat Aziz Aziz
pl.do not unplanned, and in haste as has happened in case of demonetization and covid curfew.First manufacture then restrict imports,otherwise auto sector will dip .and you will not also get ion fund.
All industries can flourish in India, if grass root Po iticians don’t harass industrialist for money
In , Companies/Entrepreneurs don't have to invest in land or infrastructure around them. They just have to put the plant and start manufacturing. They con trate on the main job of creating value addition. However, there's a whole lot that's need to be done by the Entrepreneurs as govt babu puts the onus on the company to complete his end of bargain as well.. I will be surprised if that mindset will change..
Step in the direction. Auto industry should be encouraged if required financial help could also be provided.
Guv. should make ric vehicles compulsary. Less parts, less price, less pollution, less running costs,less energy use, less engine noise, less repairs.
reduce taxes , improve ease of business and improve infrastructure in BJP ruled states.automattically companies will manufacture all goods in India
Set up auto ancillary parks and allow the Indian auto majors and other industrialists to invest there.
you ban exports to to cripple their economy.
It is not too late to indigenous the auto components production to meet the Indian automobile industries and also export components to other countries. Good luck.
We need alternatives before imposing ban