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Incentivise localisation, enhanced domestic value-addition: Auto sector

Incentivise localisation, enhanced domestic value-addition: Auto sector March 05, 2021 There is a need to develop industrial infrastructure and ensure availability of skilled resources, say industry bodies   -  The Hindu There is a need to develop industrial infrastructure and ensure availability of skilled resources, say industry bodies   -  The Hindu× ‘Need to boost competitiveness, attract investments’ The auto industry on Friday said the production-linked incentive (PLI) scheme is required for both component as well as auto industries, as they are not sufficiently competitive globally. Industry bodies Society of Indian Automobile Manufacturers (SIAM) and Automotive Components Manufacturers Association of India (ACMA) have recommended incentivising enhanced domestic value-addition and localisation to leverage on the $25- billion import substitution opportunity.

Gadkari urges 100% localisation of auto components; may hike customs duty

Gadkari urges 100% localisation of auto components; may hike customs duty Updated Feb 26, 2021 | 17:30 IST Reiterating that the auto sector is a key driver of the Indian economy, the minister said increase in basic customs duty on select auto components will encourage local manufacturing of such items. Gadkari urges 100% localisation of auto components; may hike customs duty  Union Minister Nitin Gadkari on Thursday asked automobile manufacturers to hike localisation of components to 100 per cent or else the government will think of increasing basic customs duty on imported items, but the auto industry wants support for localisation of electronic parts, specially semiconductors.

Nitin Gadkari urges auto component manufacturers to increase localisation to 100%

Nitin Gadkari urges auto component manufacturers to increase localisation to 100% Updated: Updated: February 25, 2021 13:28 IST This is the time for the Indian auto industry to support Make in India and Made in India movement, says Union Minister Nitin Gadkari Share Article Union Minister Nitin Gadkari. File   | Photo Credit: V. Ganesan This is the time for the Indian auto industry to support Make in India and Made in India movement, says Union Minister Nitin Gadkari Union Minister Nitin Gadkari on February 25 asked automobile manufacturers to increase localisation of components to 100% or else the government will consider raising basic customs duty on imports in order to encourage domestic manufacturing of such parts.

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