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 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,