Auto component sector awaits policy clearance

New Delhi, Feb 6 (IANS) The auto components sector has been betting on the new automobile policy resolving many of the issues it now faces, a top industry official said here.

“A major chunk of the problem would be resolved once the new automobile policy would be cleared by the Parliament and would come into force, meanwhile we are carrying out awareness campaigns at major auto component markets,” Vinnie Mehta, director general of Automotive Component Manufacturers Association (ACMA), said here at the Auto Expo.
He said there were strict specification norms for each component produced by the sector.
“Accordingly that specification has to be printed or embossed on the product but that guidelines are not followed in a stringent manner but once the new automobile policy comes into effect these problems would be taken care off,” Mehta said in a statement on Saturday.
Asked how discontinuation of registration of diesel vehicles has affected the industry, Mehta said: “Any kneejerk policy is not good for the development and growth of any industrial sector in the country. All industries want to maintain a clear environment and require long term policy planning while taking views of all the stake-holders.”
At the Auto Expo Innovation pavilion, Sona Steering Company has displayed its all weather concept electric cars which it plans to market in another two years’ time and is expected to price it at about Rs.4 lakh.