Auto sector sourced 50% parts locally, says minister – ET Auto
Baua Electric
JANUARY 23, 2024
The Indian automobile sector was able to source almost 50% of required auto parts from domestic markets under the INR 26,000 crore Production-Linked Incentive (PLI) scheme, said Union minister for heavy industries Mahendra Nath Pandey on Tuesday. EV sales in India were growing by a compounded annual growth rate of 49%.
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