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The Economic Times

Business / The Economic Times

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Indias auto parts makers face a new race: Localise, innovate, lead

Indian auto leaders and ministers emphasized deepening localization for global supply chain strength. They stressed owning more value chain components amid geopolitical uncertainties and resource crunches. Accelerating technological capabilities in semiconductors and batteries is now essential for independence. The industry must scale up design, development, manufacturing, and export of components from India. Policy measures and incentives are supporting this growth in volumes and know-how.

2 Sep 2026 6:02 pm