Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto
Baua Electric
FEBRUARY 29, 2024
“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Suri said the pace of reduction of imports in the last two years has been nearly double of that targeted by the industry at about 6%. lakh crore in FY22.
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