| Indian media: China's threat to parts of India proposed import restrictions |
Indian media recently reported that Indian imports from China cheaper auto parts, has given India's automotive components manufacturers to create a great threat. India some of its cars and two-wheelers manufacturers from China plans to import large quantities of parts and components, in China and has established a comprehensive procurement offices. They think that at this difficult time of rising raw material world, the price of Chinese products is very attractive. India's Mahendra (Mahindra & Mahindra) car company Pawan Goenka, president said: "For some auto parts, imports from China of these products in India than the cost of production of these products to lower raw material costs." The past two years, India's imports from China of automotive components increased significantly. 2003,04 fiscal year, imports from China of the Indian automotive components imported cars accounted for only 1.5 percent of the total spare parts, but this proportion had increased to nearly 10 percent. Over the past three years, the Indian auto parts imports increased 25 percent are from China. India to the Chinese auto parts exports have stagnated over the past five years, always in exports to 1 billion hovered around 1.5 billion rupees. Some of the Indian automotive components manufacturers that China's auto parts than the average price of India's 30 percent cheaper, imports from China of some products for the car plant to create a new benchmark prices, although rising raw material prices, we can not improve Product prices. This will seriously hurt India's auto parts industry. Asahi Glass India Glass Company (Asahi India Glass Ltd) CEO and general manager Sanjay Labroo said: "In the past two years, the automotive glass manufacturers in India, the cost has increased 50 percent, but our prices only increased by 10 percent." Asahi Glass India Glass Company is the Indian market is the largest automotive glass manufacturers, account for more than 80 percent market share, but the company's 2008 1 to March showed that its quarterly loss of 1.8 billion rupees. India Shriram Pistons and Rings president Ashok Taneja said: "We are the largest iron and steel enterprises and the double squeeze vehicle plant, a whole year last year, we only from customers that Zhenghui three-quarters of the cost of raw materials." India ICRA assessment and research institutions recent survey of the 33 auto parts enterprises. According to the survey, these enterprises in 2008 1 to March the total pre-tax profits fell by 19 per cent, from the same period last year fell to 3.517 billion rupees this year's 2.85 billion rupees. For the first quarter, 33 enterprises only five enterprises in the pre-tax profit growth. Not long ago, the Indian automotive components manufacturers association has brought some experts to study why China China's auto parts so cheap. One expert said: "We understood the problem of the half, and the other half still do not know." In India the number of auto parts enterprises strongly urged, India has some car manufacturers to them orally that the future will be restricted to parts imported from China. But this is still insufficient Pingfu Indian automotive components industry tension. India's auto parts enterprises have already begun lobbying the Government that the imports of parts and components from China imposed anti-dumping duties. But to truly determine the anti-dumping duty, to go through a long process. |
