Technology, China-Europe Dependency — What is Restricting Localisation in EV Market
Reducing dependency on other countries for importing components will revolutionise electric vehicles segment in the country; localisation needs to take place, exhibitors at the Auto Expo Components 2023 told News18.According to them, the dependency will be reduced only when the Indian manufacturers can produce exactly similar quality and technologically advanced products for EVs, while automakers will put their confidence in local vendors instead of overseas suppliers.The centre has urged domestic automakers to reduce…