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SIAM, experts root for EVs, electronics to build resilient supply chains
The Business Guardian
|November 26, 2023
Building a resilient supply chain has emerged as one of the key challenges for the India's automobile industry as it looks to formulate a robust action plan to localise and align the sector's efforts with the Government's objectives.
The critical areas in the supply chain include EV components, electronics and electricals, transmission systems and metals. Stakeholders including senior government officials, sourcing heads of automobile companies and experts from the automobile supply-chain, are convinced that there is substantial potential for domestic value addition and have called for tapping this advantage for increased localisation in the auto industry across OEMs at a recent brainstorming session on automotive sourcing led by the Society of Indian Automobile Manufacturers (SIAM), the apex body of the industry.
This story is from the November 26, 2023 edition of The Business Guardian.
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