09/11/2018 Auto Parts & Accessories
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:
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.
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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