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Old 15th March 2019, 16:31   #1
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Default Chinese auto part imports set to rise with govt. EV push

According to a media report, the government's push for electric cars is set to increase India's dependence on China. Imports of auto components for electric vehicles (EVs), especially from China, are set to rise as the domestic market for EVs grows.

Chinese auto part imports set to rise with govt. EV push-electriccar169.jpg

As a result, India's trade deficit with China is also set to rise, since our imports are 10 times more than our exports. In FY2018, Chinese exports to India stood at US$ 4.3 billion - a growth of 27% compared to FY2013.

While the government has set a clear roadmap for the adoption of EVs, the lack of a domestic manufacturing base is forcing OEMs and suppliers to import parts like transmissions, steering and electrical components, interior and other engine components from China. Also, despite import duties, importing components from China is reportedly less expensive than manufacturing the same in India.

With 60% of global volumes, China is a leader in electric cars and battery technology.

Source: Economic Times

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Old 15th March 2019, 18:43   #2
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Default Re: Chinese auto part imports set to rise with govt. EV push

So, what will happen to all these hashtags then? #BoycottChina, #Chinabacksterror, #Boycottchinesegoods and #BoycottChineseproducts
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Old 15th March 2019, 19:01   #3
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Default Re: Chinese auto part imports set to rise with govt. EV push

Quote:
Originally Posted by rovingeye View Post
So, what will happen to all these hashtags then? #BoycottChina, #Chinabacksterror, #Boycottchinesegoods and #BoycottChineseproducts
This is an emotional response at best. Most people tweeting with these hashtags are probably doing so from a phone that is entirely or partly made in China anyway.

Let's face it. China is the leader in Li-ion battery technology. So, there will be increased imports of Li-ion batteries and other EV components from China in the coming years.
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