Society
of Indian Automobile Manufacturers (SIAM) in association with the Competition
Commission of India (CCI) and Automotive Component Manufacturers Association of
India (ACMA), organised a workshop on competition issues in automotive
industry. The workshop was aimed at proactively engaging with different
stakeholders in the automotive sector to come up with feasible and practical
solutions.
Highlighting
the importance of fair competition in the automotive sector, Kenichi Ayukawa,
Vice-President, SIAM and MD & CEO, Maruti Suzuki India, said, “Doing
business fairly is always good for the safety of the industry as well as the
customers. India is the most competitive market and has immense potential and
there is a dire need to have customer-friendly policies & products and the
industry should be open to new changes in order to grow further.”
Giving
the industry view, Vinod Aggarwal, Treasurer, SIAM and MD & CEO, Volvo
Eicher Commercial vehicles thanked CCI for organising such a workshop for the
automotive sector. He said, “Competition is the best way to innovate
continuously and to ensure that customers get the best product. Thanks to
digitisation, customers today make well- researched decisions. The sector is
not just taking care of the market and after-market needs but also skilling the
workforce, dealers and service stations.”
In
his keynote address, Pravin L Aggarwal, Joint Secretary, Department of Heavy
Industry, Ministry of Heavy Industries & Public Enterprises, said, “Genuine
parts are slightly high on price, however, they ensure proper safety &
performance of the vehicle. Consumers must be encouraged to immediately quit
the use of unauthorised & counterfeit parts and adopt genuine ones. To
regularise the industry further, we need strict regulations to curb the sale of
spurious parts.”
Source: SIAM