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Back to Main Page of Foreign Trade Policy-Annual Supplement 2006
8. AUTO-COMPONENTS
Foreign Trade Policy 2004-09- Annual Supplement 2006
India is on the move, metaphorically as well as literally. We not only have the fastest growing automobile market in the world, but India is fast emerging as an important centre for sourcing auto-components. The FTP already extends a number of facilities for the sector. We shall now allow import of new vehicles by auto component manufacturers for R & D purposes without homologation. This is necessary to give our R&D labs easier access to the latest technologies current in the auto component industry.
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