May 04, 2024 03:39 (IST)
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India's auto-parts industry records trade surplus of $700 million in 2021-22

India's auto-parts industry records trade surplus of $700 million in 2021-22

New Delhi: India's auto parts makers have recorded a trade surplus of $700 million in the year 2021-222, as top automobile manufacturers around the world adopt a "China Plus One" strategy to shield the supply chains from the risks involved in relying completely on a single source in the wake of Covid-19.