Indian auto and pharma industries import several critical components and raw materials from China.
The global recall of millions of vehicles has put the focus on quality.
Slym, 51, died after falling from a high floor of the hotel in Yannawa district, Bangkok.
The move will primarily impact luxury car companies like Mercedes Benz, BMW, Audi and Volvo and bike brands like Triumph and Harley Davidson.
An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
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According to industry body Society of Indian Automobile Manufacturers and Automotive Component Manufacturers Association of India, with demand continuing to be low and factories not operating at full scale, this may lead to temporary excess overheads.
Such allegations are unjustified, given that the CCI's remedies do not promote a free-for-all scheme.
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
In order to counter the growing penetration of e-commerce portals, the ICT industry in Gujarat is also mulling initiation of its own portal for selling products.
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