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Atmanirbhar mission: Sops likely for electronic automobile components to cut imports

Atmanirbhar mission: Sops likely for electronic automobile components to cut imports
Atmanirbhar mission: Sops likely for electronic automobile components to cut imports
Electronic components constitute 25% of the total vehicle cost and are expected to go up to 40% by 2030 when the country switches to greener vehicles.

Synopsis

India currently imports 70% of its electronic auto components, mainly from China, Taiwan and Germany. The government is keen to push domestic manufacturing of these products as part of the Atmanirbhar mission. “The idea is to provide sops under the production-linked incentive schemes,” another official said.

NEW DELHI: The government has begun discussions with local manufacturers of electronic automobile components to increase production of parts such as sensors, actuators and control units and may offer them incentives as it seeks to cut reliance on imports.“Considering the rising share of electronics in total vehicle costs and keeping the security aspect in mind, we are now deliberating if India could start manufacturing this in-house rather than
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