A few automakers, global as well as Indian, were not letting domestic component manufacturers localise their production and were forcing them to import from suppliers they preferred, Commerce and Industry Minister Piyush Goyal said on Wednesday.
“It has been brought to my attention that some auto ancillary companies that have collaboration with other firms around the world are also facing some stress and pressure from their joint venture partners (to import),” he said in his address at the 62nd annual session of the Automotive Component Manufacturers Association.
The government views this matter seriously, the minister noted.
“I am sure that our Indian companies