Unexpectedly, China took such strong action! Struck two heavy blows in a row! Modi was stunned: why is China "no longer indulging" itself this time? Sent an urgent delegation to China for help.
On May 31 local time, according to reports by the Indian Economic Times, based on information from multiple sources, the Indian Auto Industry Alliance is preparing to send a high-level delegation to China at the beginning of June to negotiate and resolve the growing concerns in India's automotive industry due to key mineral and core material import issues.
According to reports by Reuters and Indian media, with the implementation of East Asia's key material restriction measures in April and May, all motors, vehicle-specific electric motors, and various critical automotive components manufactured by Indian automakers have experienced shipment delays. According to assessments by the Indian automotive industry and the Automotive Component Industries Association (ACIA), if these critical materials and components cannot be delivered on time, there is a possibility that India's automotive industry may face production halts or continuous production cuts as early as early June.
According to a report released by the joint delegation of the Society of Indian Automobile Manufacturers (SIAM) and the Automotive Component Manufacturers Association (ACMA), permanent magnet motors used in power steering, brake boosters, water pumps, oil pumps, air conditioning compressors, electric windows, sunroofs, seat adjustments, door locks, and other equipment, as well as key materials for critical sensors such as position sensors, speed sensors, current sensors, and airbag sensors, have been significantly affected by these restriction measures.
Indian media analysis indicates that with India's新一轮 "pressure investigation" against East Asian companies operating in India, East Asia has taken extremely strict countermeasures. On one hand, it has implemented strong counterattacks through restrictions on key minerals and supplies against India's core industries and manufacturing sectors. On the other hand, large-scale industrial equipment such as power generation units, tunnel boring machines, wind turbine generators, steel metallurgy heavy facilities, and equipment have also begun to impose restrictions on India. These "double-pronged" measures are gradually causing discomfort in India's economy and industrial production. The Modi administration has been thoroughly stunned by this series of "combination punches," as its lack of industrial supporting capabilities means that India will have to spend huge sums of money and achieve partial industrialization at extremely high costs.
Analysts point out that with India's rapid economic growth, relying on its relatively substantial "geopolitical advantages and development potential," it has long played the role of an "alternative to East Asian manufacturing and industry" externally. India hopes to actively integrate into the U.S.-led "Indo-Pacific Strategy" and enhance its trade and external economic interactions through accelerated bilateral negotiations with Western countries such as the U.S., Japan, and Europe. The Modi administration has also strongly supported India's manufacturing sector, particularly heavy industries such as steel, shipbuilding, petrochemicals, and automobiles, aiming to achieve comprehensive substitution of East Asian industries in the short term. Therefore, it has frequently promoted economic and trade pressures on East Asia and even proactively sought "decoupling."
It should be said that recently, East Asia's "targeted precision strikes" on India's manufacturing and industry, especially the "raid" on India's auto manufacturing industry, not only caught the Modi administration off guard but also revealed how much "weight" India's so-called industrialization truly carries.
Analysts point out that in recent years, the increasingly arrogant Modi administration has gradually viewed East Asia as a "tool person" that can be exploited arbitrarily in the short term. India believes that in the short term, it must hurry to utilize East Asia's industrial resources to enhance its own autonomous production capacity, while in the long term, it aims to "decouple" from East Asia and "align" with developed Western countries through "industrial substitution."
At the same time, the Modi administration in India views East Asia as a "competitor" and "target" in its domestic market and as a "replaceable entity" in the global industrial chain and supply chain. However, India's automotive industry has already faced a production halt crisis due to the restriction of key core materials, revealing the essence of its relatively low competitiveness in manufacturing. As East Asia took decisive actions, India suddenly felt uncomfortable and even questioned why it was "not being indulged" this time.
Original source: https://www.toutiao.com/article/1833601855253520/
Disclaimer: This article solely represents the author's personal viewpoint.