The Auto components manufacturers in India has the purpose of protecting the auto
industry from the high competition of component import and help in growing the
sector by providing the auto components parts at a cheaper rate. Now they have also geared up for the export market
benefitted with great incentives.
It is very important for the Auto components manufacturers in India to lower the import duties
which will boost the competition and the auto component industry will grow
drastically at both domestic and global level.
Challenges
Faced by Auto Industry
The Auto components manufacturers in India are facing some real-world challenges:
Margins
The level of margins of manufacturer companies of auto components manufacturer is prying under pressure for
unable to increase the price and facing difficulty to cut the cost.
Smooth
Infrastructure
For the smooth
running of the functional capabilities of the auto
component industry, it is important to lead the development of roads and other
infrastructure.
High
Rate of Import
It is very important to curate the higher rate of import
of auto components as compared to exports. It poses a high risk to the trade exchange.
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