McKinsey: Global trade shifts to boost India's auto components

Shivanshu Gupta, Senior Partner at global management consulting firm McKinsey on Friday said he believes the disruption in global trade flow can come as a shot in the arm for Indian auto component makers - both on the ICE and EV front.

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Shivanshu Gupta, Senior Partner at global management consulting firm McKinsey on Friday said he believes the disruption in global trade flow can come as a shot in the arm for Indian auto component makers - both on the ICE and EV front....there is a lot of trade flow disruption that is happening in the world, which is also creating opportunity for us (India), Gupta told ANI, on the sidelines of the Automotive Component Manufacturers Association of India's annual event here in the national capital. Gupta said Indian auto component manufacturers will remain relevant. We will still be a largely ICE (Internal Combustion Engine) component market in India. But also globally, there will be a lot of players who will rely on other countries to have ICE components. And I think India can be a very large part of that play, he said. Gupta foresees that almost USD 20 to 30 billion of