Indian auto industry worried about aluminum shortage! SIAM demands government to cancel 2.5% import duty on aluminum scrap!
The Association of Automobile Manufacturers (SIAM) has demanded the government to completely remove the 2.5% import duty on aluminum scrap. Due to world wars and embargoes leading to scrap shortages, production costs of Indian vehicles have increased significantly. If the import duty is not removed, there is a possibility that MSME spare parts manufacturers in … Read more