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. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.
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