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India tells its automakers to cut imports from China
source link: https://nextbigwhat.com/india-tells-its-automakers-to-cut-imports-from-china/
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India tells its automakers to cut imports from China
- New Delhi: India is urging local carmakers to curb imports of electric-vehicle components and other automotive parts from China as Asia’s third-largest economy seeks to reshape its supply chains.
- India is trying to diversify its supply chains away from neighboring China following deadly clashes between the world’s two most-populated nations along the disputed Himalayan border last year.
- Kant said India is dependent on China for magnets used in the motors of EVs, semiconductor-based components, and other electrical parts.
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