So where is all the localization these car companies feel proud of? As of Honda they are making Civic locally for over 2 decades now.. and still even import SHARK-FUN-TEENA from China.
All local companies are highly dependent on imports and not investing in local industry. Even their parent companies are not interested at all. They are also minting money in kits and parts and not transferring technology.
Government need to mandate and regulate minimum set localized part. Unfortunately even the localized parts uses imported raw materials.
These companies always blame dollar BUT no one is blaming them for not investing towards developing local industry and Government is equally responsible for not regulating it.