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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Work is on to increase net localisation by another 16-20%, or about INR 24,995 crore, over the following five years ending FY27, they said.

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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

China’s central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference. China Daily. of the total.

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Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

The government adopted the Faster Adoption and Manufacturing of Hybrid and EV (FAME) scheme in 2015 with an outlay of INR 8.95 The Society of Indian Automobile Manufacturers (SIAM) is an apex national body representing all major vehicle & vehicular engine manufacturers in India. billion (USD 130 million).