India to become major auto part manufacturer amid Russia-Ukraine war

14 Apr 2022 CW Team

The Russia-Ukraine war has made auto part makers in India shift their business models to supply more parts from within the country.

Major auto parts makers reminiscent of Lumax, Sona Comstar, Minda Industries, and Sandhar Technologies have been pushed to look at different de-risking choices due to rising input prices, giving the nation a chance to become the leading manufacturing hub of auto parts.

India gives a distinctive alternative to auto unique gear producers or original equipment manufacturers (OEMs) because it has a long-time manufacturing base.

Auto part producers have already begun processing extra parts across India, holding huge inventories, creating buffer shares and getting into long-term contracts.

Previously, the lead cycle for such contracts was shorter. The ongoing war disruption has stretched that to about nine months for some parts. It has become untenable and resulted in auto part gamers sourcing extra from throughout the nation.

Managing Director of Lumax Industries, Deepak Jain, told the media that because of the multiple disruptions and volatility, the expectations and ordering cycle keep changing.

He said that component makers are de-risking the provision chain by deep localisation.

The production-linked incentive (PLI) schemes for ACC battery and auto parts additionally give India a chance to become the leading manufacturing hub.

Jain said that with newer disruptive technologies like electric, hybrid, and green hydrogen coming up, it compels the company to manage the future and the present.

The Russia-Ukraine war has led to the price of raw supplies, like metals. It has threatened the survival of micro, small and medium enterprises (MSMEs) in addition to tier 2 and tier 3 suppliers.

Image Source

Also read: Indian auto component industry likely to grow 8-10% in FY23

Building Material

11 Mar 2026

Enlight Metals Launches Waste Free Steel Procurement Model

Enlight Metals has introduced its Waste Free Steel (WFS) initiative, aimed at transforming steel procurement through precision-driven sourcing and advanced material planning. The programme seeks to reduce steel wastage by 8–10 per cent in infrastructure and EPC projects by shifting procurement practices from volume-based buying to drawing-based supply aligned with engineering requirements.The initiative is powered by Enlight Metals’ Agentic AI–enabled metal procurement platform, which enables project teams to submit technical drawings and material specifications for detailed analysis. Ba..

Magicbricks, NAREDCO Partner for Data-Driven Real Estate Insights

Magicbricks has entered into a strategic partnership with the National Real Estate Development Council (NAREDCO) to strengthen data-driven engagement across India’s real estate ecosystem. The collaboration aims to promote research-led discussions, structured policy dialogue and wider dissemination of credible market insights across the sector.The agreement, formalised through a one-year Memorandum of Understanding, positions Magicbricks as the Knowledge Partner and Official Broadcast Partner for NAREDCO initiatives. Through its digital platform MBTV, Magicbricks will broadcast NAREDCO events..

Nuuk Partners Zetwerk to Boost Make in India Manufacturing

Nuuk, a rapidly growing direct-to-consumer home appliance brand, has entered into a multi-year strategic manufacturing partnership with Zetwerk to strengthen its Make in India manufacturing ecosystem. The collaboration is aimed at developing scalable, high-quality and cost-competitive production capabilities as the company expands its product portfolio.As part of the partnership, Sanjiv Rangrass, Non-Executive Independent Director at Zetwerk, has been appointed as Nuuk’s Make-in-India Advisor. The appointment is expected to bring strategic manufacturing expertise to support the brand’s loc..