Prolonged closure of China auto parts cos to hit local manufacturing hard - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Prolonged closure of China auto parts cos to hit local manufacturing hard

Manufacturers of BS-IV emission compliant vehicles will take a hit. If critical components from China do not arrive in time, components sourced locally or from other markets for BS-IV compliant vehicles will be rendered useless, as these cannot be sold or registered beyond March 31 as per a Supreme Court directive.

from Auto-Industry-Economic Times
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