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India could extend deadline on steel import rules for automakers: sources

Reuters  |  NEW DELHI 

By Dasgupta

NEW DELHI (Reuters) - is considering extending by four months a compliance deadline on tougher import rules for that are aimed at forcing automakers to use locally made alloy, said two sources familiar with the matter.

Compliance to the new rules had been set for Feb. 17, which was an extension of two months, but strict adherence to the regulations would have stalled production for India's auto industry, a has warned.

India's is dominated by Maruti Suzuki, Hyundai Motor Co, and

Carmakers continue to rely on imports because they say companies do not manufacture the grades they need, said Sugato Sen, deputy of the (SIAM).

SIAM counts Maruti Suzuki, Toyota Motor Corp, Volkswagen, and others as members.

Auto companies want an extension until the end of 2019.

"There are some grades that are not manufactured in and we may allow those to be kept out of quality control for some more time," a ministry official told on condition of anonymity, as the discussions are not public.

The did not immediately reply to a email seeking further comment.

The ministry had previously objected to an extension as it would delay Narendra Modi's drive to check imports. It also wants to show the success of its manufacturing programme, which is aimed at building a domestic industrial base to boost jobs and growth.

(Reporting by Dasgupta; Editing by and Tom Hogue)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, February 14 2019. 16:14 IST