Business Standard

Modi's 'Make in India' suffers as steel, auto firms spar over sourcing

The steel ministry in Aug announced stringent import rules for some high-grade steel products that are sourced by carmakers from Japan and South Korea but not yet manufactured in India

Narendra Modi
Premium

Reuters
The steel ministry is putting pressure on automakers to use locally made steel by refusing to back down on tougher import rules despite warnings that the new regulations could disrupt the production of cars, government and industry sources said.

The steel ministry in August announced stringent import rules for some high-grade steel products that are sourced by carmakers from countries such as Japan and South Korea but not yet manufactured in India.

India's auto industry, which includes companies such as Maruti Suzuki, Hyundai Motor Co, Honda Motor Co and Ford Motor Co, is staring at production stoppages if new tougher

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