Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Indian auto industry is struggling to ensure interrupted vehicle manufacturing due to delays in clearing the import of auto parts at ports. The Automotive Component Manufacturers Association (ACMA) and the Society of Indian Automotive Manufacturers (SIAM), in separate statements, said this delay is hurting the industry.


According to ACMA, import consignments from China are being subjected to 100pc manual inspection resulting in extravagant delays in clearance. SIAM said in a statement that the industry is piecing itself together as growth is limping back; any further disruption at this juncture is best avoided.


The entire automotive chain in India is worth $118bn, including imports of auto components worth $4.7bn, 4pc of the total auto industry turnover.


Several items imported from China are critical components such as parts of engines and electronic items that are not readily available in India. With the lockdown in India being eased, production in the auto industry has slowly picked up along with growth in vehicle sales.


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