In a chat with ETAuto, Rattan Kapur President of ACMA spoke about the auto component sector investing Rs 30,000 crore to upgrade products to meet new industry regulations ; also the need for the Government to go slow on its Policy for Electric Vehicles by 2030 till the industry is ready for the transition.
Recently SIAM had announced that the automotive industry would invest Rs 1 lakh crore in new technologies for meeting BS-VI, fuel efficiency and safety regulations. How much of that amount will come from the auto component sector?
It is a pretty simple calculation. Normally about 30-40 percent is invested by the component sector. In this case 70 percent will come from the OEMs.
via Auto component industry to invest Rs 30,000 crore on new technology products – The Economic Times
aniltikotekar4sme.com 