Hisashi Takeuchi: A boost in passenger vehicle manufacturing will nearly double the whole operations of the industry from the current level and the auto component industry is urged to continue its support and hard work which made India the third largest automobile market in the world.
Indias auto component industry needs to increase value addition and deepen localisation to de-risk local manufacturing, simultaneously leaving its imprint on the global value chain as several multinational carmakers deploy a ‘China Plus One procurement strategy, senior