The Automotive Component
Manufacturers Association (ACMA), the apex body representing the Indian auto
component Industry organised the New Delhi Automotive Summit 2016 on the theme
“Make Quality & Technology in India” in the backdrop of the ‘Make in India’
campaign at New Delhi, alongside the 13th Auto Expo Components Show, which is
celebrating its 30th Anniversary.
The summit witnessed
participation from several leading global and domestic automotive leaders such
as Ramesh Mangaleswaran, Director, McKinsey & Company, Inc., Jayant Davar,
Past President, ACMA & Co-Chairman & Managing Director, Sandhar
Technologies Ltd, Srivats Ram, Past President & Chairman-ACT & Finance
Committee, ACMA & Managing Director, Wheels India Ltd, Manoj Solanki,
Purchasing Leader-India ABO, Cummins India Ltd., P. Kaniappan, Managing
Director, Wabco India Ltd., Ashok K. Taneja, Past President & Chairman-KP
Engagements & OEM Interface Committee, ACMA & Managing Director &
CEO, Shriram Pistons & Rings Ltd., C. V. Raman, Executive Officer –
Engineering, Maruti Suzuki India Ltd., Abraham Joseph, Chief Technology
Officer, Bajaj Auto Ltd., Dr. Tim Leverton, Head Advanced & Product
Engineering CVBU Pune, Tata Motors Ltd., Dr. S K Shivakumar, Prof. Vikram
Sarabhai Professor & Former Director, Indian Space Research Organisation
(ISRO), Rita Teaotia, Secretary, Department of Commerce, Ministry of Commerce
and Industry, Government of India and others.
Anant Geete, Minister of Heavy Industries and Public
Enterprises of India said, “I want to instil confidence in the industry and
reiterate the fact that our Ministry will contribute and do whatever it takes
for fighting the challenges faced by the Indian Automotive Industry to ensure
its desired growth. We have a mammoth challenge and an opportunity too, in form
of scaling up to BS-VI by 2020. I am happy to see that the components industry
is already ready to adapt to the technology being demanded for. To further fuel
this zeal, I would strongly urge the Finance Ministry to introduce a Technology
Fund in this year’s budget. I truly endorse the theme of the New Delhi
Automotive Summit - Make Quality & Technology in India which is imperative
for the true success of the Make in India Campaign.”
On the occasion Arvind Balaji,
President, ACMA said, “Globally, the auto component industry is a strong USD
1.75 trillion industry with USD 500 billion as its contribution in
value-addition; last year top-100 component manufacturers invested close to USD
50 billion in R&D. Moreover, in the last one-decade, 50pc of total
innovations in the automotive sector were co-developed by the auto component
sector. Clearly the auto component industry is the engine of growth and
development not only for the automotive nations but also for the global
economy.”
“While today, the Indian Auto
Component sector contributes 3.8% to the national GDP, and is a USD 38.5
billion industry, with exports worth USD 11.2 billion”, added Balaji
Addressing the audience, Deep
Kapuria, Past President & Chairman, Globalisation Committee, ACMA &
Chairman, The Hi-Tech Group, “The Automotive Mission Plan 2026 envisions the
Indian Automotive Industry ranking among top 3 in the world, contributing to
over 12% of India’s GDP and providing for an additional 65 million jobs. To
achieve this grand vision and to be ably support the vehicle industry, it is
imperative for our component industry to enhance and augment the existing
ecosystem by building higher value added capabilities. Globally, the industry
is undergoing transformation, which will require us to develop capabilities for
in-house design, harness frugal engineering and create product differentiation
through innovation and move towards zero defect quality. To ensure a robust
automotive manufacturing value chain, we need to create an ecosphere wherein
each member will have to contribute in creating technology that makes us
globally competitive.”
Dr. Pawan Goenka, Past
President, SIAM & ED & President (Automotive Sector) Mahindra &
Mahindra Ltd. said, “Technological Excellence is very important to have a place
in the global automotive industry. Our focus should be on developing Tooling
Quality & Engineering Quality. We also need to work towards building our
‘Quality’ brand because in today’s world Perception is Reality. It is important
to move towards developing capabilities to an extent that we can design,
develop and validate a car on a turnkey basis in India. The day is not far when
the Indian Automotive Industry will have arrived on the technology front. Today,
Airbags and ABS are being offered as an option in base variants of cars, the
industry is progressing further and will soon make these technologies more
affordable. With the component industry all set to be BS VI compliant, I am
confident that the OEMs will be able to reduce the huge import costs while
making vehicles, which are compliant to BS VI as compared to today’s costs for
delivering a BS IV vehicle. With this achievement, the year 2020 will mark a
true success of the Make in India campaign.