India is urging local carmakers to curb imports of electric-vehicle components and other automotive parts from China as Asia’s third-largest economy seeks to reshape its supply chains.
“It is important that certain automotive components, which are being imported from China purely on the back of cost competitiveness and development capabilities, be manufactured here,” said Amitabh Kant, chief executive officer of government policymaking body Niti Aayog. “We should not become a major importing nation in electric-vehicle components like we’ve done in solar.”
India Urges Its Automakers to Cut Reliance on Imports From China - Bloomberg
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