Economic Times describes a localization opportunity for Indian auto component makers, with scope to build expertise in sensors and control units.
Citing BCG-ACMA, Economic Times reports that electronics are projected to account for 50–55% of a car’s cost by 2030. As vehicles become increasingly electronic, the report says Indian suppliers have an opportunity to develop new component capabilities and expand local production.
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Economic Times describes a localization opportunity for Indian auto component makers, with scope to build expertise in sensors and control units.
Citing BCG-ACMA, Economic Times reports that electronics are projected to account for 50–55% of a car’s cost by 2030. As vehicles become increasingly electronic, the report says Indian suppliers have an opportunity to develop new component capabilities and expand local production.
Economic Times@EconomicTimesElectronics to make up 50-55% of car cost by 2030, signalling major localisation opportunity: BCG-ACMA
Economic Times@EconomicTimesElectronics to make up 50-55% of car cost by 2030, signalling major localisation opportunity: BCG-ACMA
