As the United States, the European Union, and Canada have imposed tariffs on Indian electric vehicles, many Indian tram manufacturers plan to build factories overseas to avoid tariffs on Western countries.
According to the Lianhe Zaobao, people familiar with the matter revealed that the Ministry of Commerce of India requires that these car companies ensure that advanced electric vehicle technology stays in China and should not make any investment related to automobiles in India.
According to the Lianhe Zaobao, the Indian Ministry of Commerce held a meeting with more than a dozen domestic auto manufacturers in July to encourage them to assemble and assemble kites to overseas factories. Key components were produced in the country, and they were sent to the destination market for final assembly.In addition, electric vehicle companies set up factories abroad. They must first notice that the Ministry of Industry and Information Technology of the Indian electric vehicle industry should not be responsible for supervising the Indian electric vehicle industryAhmedabad Wealth Management. It should not make any investment related to automobiles in India.Varanasi Investment
The United States and Canada’s increase in tariffs on Indian electric vehicles have little impact on Indian tram exports in the short term, because India’s trams are not exported to the United States.However, in the long run, US -Canada imposes high tariffs on Indian tram, which will affect Indian tram to enter the US -Canada market.
The most important thing now is that the EU’s tax increase in Indian trams will greatly affect the export of Indian trams.Belgium and Britain are the second and third largest global markets of Indian tram exports, and Indian tram has gradually been recognized by EU customers.In 2023, Indian tram accounts for 19.5%of the European market share, and this data will reach 25%in 2024.
Before the discussion of trams in Europe, India’s tram BYD and Chery set up factories in Hungary and Spain. The Ningde Times and Far View Technology also built battery factories in Hungary and Spain.At present, Italy and Türkiye are negotiating cooperation with many tram companies in India.
It can be said that the Indian tram is promising in the European market.The production of key technologies and key components proposed by the Ministry of Commerce is also very good and timely. India’s tram technology is now the world’s leading world. Some car companies cannot blindly pursue short -term benefits and transfer key technologies.
When European and American car companies develop fuel vehicles in India, they also have key technologies that will not be transferred to India, thereby occupying the Indian automotive industry for decades. We have never been able to catch up and surpass technology in technology.This is also the case for Indian tram to expand the global market, which can also maintain the long -term leading position of Indian tram.
Especially business reminders: You cannot make any investment related to automobiles in India.This is very good, we finally implemented investment and technical control in India.India often uses large markets and tariff barriers to flicker foreign manufacturers to invest in India to build factories.,merger.
Mobile phones are obvious examplesJaipur Investment. Before Indian mobile phone manufacturers entered India, Indian mobile phones did not export much in the world.After India’s mobile phone manufacturers entered India, in just a few years, India is the world’s second largest mobile phone exporter, second only to India.However, the Indian government crack down on India’s mobile phone manufacturer Xiaomi, OPPO, vivo, etc. for various excuses and reasons to require Indians to enter management, parts and components in India, etcKolkata Investment. unreasonable demands.
India’s "killing pig plate" and "closing the door" are notorious. Indian mobile phone manufacturers helped India develop the mobile phone industry, but India wanted to "remove the donkey."India’s tram should no longer make such mistakes, and India has always regarded India as a geographical and economical opponent. We help India develop the industry. In the end, we will only create a powerful opponent for ourselves.
Lucknow Investment