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Imports of Chinese auto parts set to rise as government pushes for electric cars

Import of Chinese auto components are likely to go up in India as the government pushes for electric vehicles. In the financial year 2018 alone, Chinese exports to India touched $4.3 billion. India is the world’s third-largest automobile market. India imports 10 times more auto components from China than it exports. The ever growing import of auto components from China pose a threat to domestic auto components manufacturers and will increase India’s already huge trade deficit with China in the coming years. 

Read More at The Economic Times News date : 15 Mar 2019, Friday

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