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The Impact on this industry will be drastic as the cut is very severe from 35% existing duty now to 15.28% bound rate.

The automobile industry has argued that expansion of this industry would also result in the growth of the domestic auto component suppliers. It may be noted that most of the producers of auto components belong to small and medium enterprises. Domestic sector needs protection

6. Auto Components The automobile industry has argued that expansion of this industry would also result in the growth of the domestic auto component suppliers. It may be noted that most of the producers of auto components belong to small and medium enterprises. Domestic sector needs protection
The Impact on this industry will be very drastic as the cut is very very severe from 60% existing duty now to 17.01% (new bound rate).