We import as we have no choice, not because we like to: Bhargava

To attract companies to produce locally, India needs to lower costs and be more competitive compared with others, Maruti Suzuki Chairman RC Bhargava has said. "We don't import because we like to, but because we have no choice," he said. Over 25% of India's auto part imports, worth $4.2 billion, came from China in 2019, according to industry body ACMA.