indian companies have scaled up local sourcing over the past couple of years thereby reducing their reliance on importsas a new wave of covid sweeps through china raising concerns about another bout of supply chain disruptions globally indias automotive suppliers dont seem to be overly worriedindian companies have scaled up local sourcing over the past couple of years thereby reducing their reliance on imports the segment that is still heavily dependent on china is electric vehicles where battery cells and motor magnets are sourced from the neighbouring country but they havent seen any major impact of the covid surge on their supplies so far advt there is no disruption yet as chinese factories have not stopped production said sohinder gill chief executive of electric bike and scooter maker hero electric and directorgeneral of the society of manufacturers of electric vehicles there is a slight delay in delivery schedules but clearly there is no crisis as yet he said also demand for electric vehicles is softer now so a minor delay doesnt really affect production schedulescomponent manufacturers have also changed the way they manage inventory since the covid outbreak when they faced major supply disruptions they are now stocked up on raw material and components and dont follow the justin time policy where goods are received only when they are needed this insulates them from shortterm supply issuesindian auto component players have become selfsufficient and have adequate inventory now said vivek singh managing director at component manufacturer sona comstarmany of them are also building up inventory before china closes for its new year we have placed advanced orders to get delivery before the closure of plants by midjanuary said anand kabra managing director of battrixx a battery pack supplier for electric twowheelers according to suppliers factories in china are working as that country learns to live with covid with china no longer requiring inbound travellers to go into quarantine indian auto players have planned business meetings with suppliers in february after the chinese new year holidays said kabra agility has become critical in terms of sourcing as has building a nonchina supply base and keeping the supply chain resilient say experts advt the productionlinked incentive scheme for the sector is expected to accelerate investment in areas such as advanced technological and electronic vehicle components in the domestic market further reducing the dependence on importsmeanwhile they are facing other headwindsalso readmanufacturing firms likely to expand hiring amid global uncertaintiesaccording to the latest edition of the teamlease employment outlook report that reached out to more than 300 companies in the manufacturing sector about 60 of the firms have a positive hiring intent in the fiscal fourth quarter with plans to ramp up their manpower compared with 57 in octoberdecember quarter the surveys findings were shared exclusively with etsee more details by lijee philip et bureau published on dec 28 2022 at 0804 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1