Section

Auto industry to invest USD 7 bn in 5 years to deepen parts localisation

8 months ago Auto economictimes
The Indian auto industry is set to invest up to USD 7 billion by FY28 to deepen localisation of advanced components, including electric motors and automatic transmissions, to reduce imports and capitalize on multinationals' 'China Plus One' sourcing strategy. The Automotive Component Manufacturers Association (ACMA) reports that automakers and suppliers are likely to make this investment between FY24 and FY28. Read more at: economictimes

Tags : auto parts localisation China Plus One auto industry Indian auto industry electric motors automatic transmissions Automotive Component Manufacturers Association SIAM ACMA

Disclaimer : We make no assurance about the completeness and accuracy of the content of this website. All news on this website is collected from various sources hence information may or may not be true. Bollywood charcha does not verify the reliability of the content published. We do not accept any accountability for loss or damage occurred as a result of reliability on the content of this website.

You May Also Like

Auto

Razlan Razali keluar dari pengurusan RNF MotoGP – didesak sebab prestasi dan keputusan kewangan teruk

Auto

Harga minyak 13-19 April – Masih tiada perubahan

Auto

BFGoodrich All-Terrain T/A KO3 tyre to hit Malaysian market in Oct – successor to iconic KO2 is Thai-made

Auto

Kia Concept EV3, Concept EV4 unveiled – concepts suggest design direction for future SUV, sedan models

Auto

2024 Mitsubishi Triton debuts – Beast Mode styling; 204 PS/470 Nm 2.4L 4N16 engine; in Malaysia in 2024

Auto

GWM Tank 300 off-road test drive experience – public can try out the SUV this July 20-21, M4TREC Semenyih

© Copyright © 2017 Bollywoodcharcha