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Auto parts imports from China down 42% during April-July: Ministry data

Industry body is optimistic about govt's push for greater localisation of components, but says indigenous manufacture will take some time

Auto parts imports from China down 42% during April-July, shows ACMA data

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A recent report by EY stated that power train, automatic transmission and electronic components have contributed to over 60 per cent of the total imports by value.

T E Narasimhan Chennai

3 min read Last Updated : Sep 25 2020 | 8:09 PM IST

Auto components and parts imports from China dropped by around 42 per cent during April-July 2020 to $246.33 million from $424.32 million, a year ago. Internal combustion (IC) engines and imports reduced to $58.78 million from $89.57 million, according to the Ministry of Commerce and Industry data.

Industry representatives have attributed the drop to the pandemic-driven slowdown in automobile sales. However, with the government's push for more localisation and initiatives undertaken by the industry, additional business of Rs 25,000–30,000 crore within the next 3-4 years is possible and if volumes are sustained.

Last year, India imported components worth $17 billion,

Topics : Coronavirus Auto parts Auto Components China Auto component makers imports BS VI norms

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