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Localisation, innovation key to resilient mobility supply chains
At the 6th ET Supply Chain Leadership Summit, Hanif Qureshi emphasised that localisation, innovation, and alternative technologies are critical to building resilient mobility supply chains in India's automotive sector.
At the 6th ET Supply Chain Leadership Summit, Hanif Qureshi emphasised that localisation, innovation, and alternative technologies are critical to building resilient mobility supply chains in India's automotive sector.
Qureshi said the sector is deepening supply-chain resilience by boosting domestic manufacturing capacity across critical components, electric vehicles, and advanced mobility systems. He highlighted that reducing import dependence and adopting localised production will strengthen the industry against global disruptions.
The summit focused on strategies to make India a global hub for automotive supply chains, with Qureshi calling for continued investment in R&D and collaboration between industry and government to achieve self-reliance.
Indian Opinion Analysis
The push for localisation comes amid global supply chain shocks from the pandemic and geopolitical tensions, which exposed India's heavy reliance on imported electronic components and battery cells for EVs. The government's Production Linked Incentive (PLI) scheme for auto and advanced chemistry cells already incentivises domestic manufacturing. However, achieving true self-reliance requires not just assembly but indigenous development of semiconductors and battery chemistry. Industry data shows India currently imports about 70% of its electronics components. The next concrete milestone to watch is the rollout of the third phase of the FAME scheme, expected to further boost local EV production.
Source: auto.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
