India open to raising duties on auto imports to boost local production


By Aditi Shah NEW DELHI (Reuters) - India is open to raising duties on auto imports in a phased manner in a bid to boost domestic production, a minister said on Friday, as the country's car industry set a target to halve imports of components within five years.

Commerce Minister Piyush Goyal said raising duties was "not a bad idea" to discourage automakers from importing car kits, comprised of partially or completely knocked down vehicles, and using India only as an assembly base to get market share there. "We.....

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