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Imports to hurt auto parts cos
The Economic Times
Domestic automakers are likely to source as much as half of all components in the next 3-4 years from overseas suppliers adversely affecting the growth of India's auto component industry, said a study by industry body Ficci. According to the study, elimination of Custom duties on import of auto components under Free Trade Agreement (FTAs) signed by India with other countries will induce automakers to source from overseas vendors. More

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