Auto industry on track to achieve target of Rs 25,000 crore import cut

India's auto industry plans to significantly reduce imports by making more parts locally. This includes key components like electric motors and transmissions. The industry has already made progress. It aims to achieve a total reduction of ₹25,000 crore. Component makers are investing in new facilities and technology. Exports are also growing. Car sales are expected to double by 2030.

from Auto-Industry-Economic Times https://ift.tt/UDQt73R