The Indian government on Wednesday extended the deadline for compliance with tighter import regulations for some grades of steel, mainly used by automakers, until April 17, the steel ministry said in a statement.
Compliance with the new rules was previously established on February 17, but strict compliance with the rules would halt production for the Indian auto industry, the federal minister warned.
The Indian auto sector is dominated by Maruti Suzuki India Ltd, Hyundai Motor Co, Honda Motor Co and Ford Motor Co.
Auto companies have asked for an extension until the end of 2019.
India extends incentives to certain imported steel grades
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Azovpromstal® 21 February 2019 г. 11:12 |
