In the EV sector the majority of the local parts which are mechanical in nature are manufactured in the country. I think there is definitely a direction towards the localisation and with time this will speed up,” he said.Īccording to him, “When it comes to the mechanical parts, India is very strong. So, when the technology becomes more mature, then people will like to stabilise the technology and have more local sources. “As of now the technology is at a very nascent stage. Tech MattersĪt the Component Expo, Manav Kapur, Executive Director of Steelbird International, told News18 that there is a clear mandate from the government regarding localisation and it is driving the demand but there are some issues. So, the question is why Indian EV players are still dependent on overseas suppliers instead of relying on local products even though at the Auto Expo Motor Show it became clear that automakers are investing in petrol-diesel alternatives. It highlighted the fact that India has homegrown component makers. There are several companies which are at the arena with Made in India logo. Last year, Union Commerce minister Piyush Goyal at the annual conference of the Automotive Component Manufacturers Association (ACMA) said: “In case any of the auto companies is pressurising an auto component maker to import components instead of localising them here when you have the opportunity to localise and when you have the technology by which you can localise, I would urge you to please come straight to me and talk to me without hesitation.”Īt the Pragati Maidan, where the Component Expo is taking place, there is a long list of component makers including overseas companies who are participating as exhibitors. But, according to the industry, the country’s reliance on Chinese imports is unlikely to be reduced anytime soon, as it will take a few more years to ramp up EV component manufacturing in India. The centre has urged domestic automakers to reduce imports of EV components and other automotive parts from China and instead establish manufacturing facilities in India. Reducing dependency on other countries for importing components will revolutionise electric vehicles segment in the country localisation needs to take place, exhibitors at the Auto Expo Components 2023 told News18.Īccording to them, the dependency will be reduced only when the Indian manufacturers can produce exactly similar quality and technologically advanced products for EVs, while automakers will put their confidence in local vendors instead of overseas suppliers.
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