New Delhi, March 10 -- The US-Iran war is disrupting exports and production in India's auto components industry, which has approached the government for financial support and assured access to energy sources such as liquefied natural gas (LNG) and piped natural gas (PNG) used in manufacturing processes.
In a 9 March letter to the ministry of heavy industries (MHI), the Automotive Component Manufacturers Association of India (ACMA) highlighted a range of concerns, including export disruption, energy supply to factories, and delays in imports of critical raw materials. Mint has reviewed a copy of the letter.
The industry's message to MHI Secretary Kamran Rizvi indicates that export logistics cost for auto component firms has surged in a r...
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