Automobile Desk: India's automobile industry is no longer limited to merely meeting domestic needs or reducing dependence on imports from other countries. The country's auto sector is now rapidly moving towards becoming a major center of manufacturing, new technologies and research at the global level. Considered the backbone of the Indian economy, this sector now aims to establish its strong presence in the world markets and achieve technology leadership.
Global competitiveness will have to be the basic mantra
At the recent event of the Automotive Component Manufacturers Association of India (ACMA), Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra outlined the bright future of the auto industry and its future strategies. He clarified that the Indian auto sector has performed brilliantly in the past years and has achieved great success on the export front. However, now the time has come for the industry to take its capabilities to new heights and make Global Competitiveness its core mantra.
Need to change the identity of 'Made in India'
In the international market, 'Made in India' should no longer mean just affordable or low-cost products. India's identity on the global stage should be made through high quality, reliable products, cutting-edge technology and world-class competition. The Indian auto industry will now have to move beyond the scope of 'Make in India' and work on a comprehensive model, which includes 'Design in India, Develop in India, Manufacture in India and Export from India'. This simply means that vehicles and their spare parts should not only be produced in India, but their entire designing, research, discovery and development of new technologies should also be done on the country's soil.
Focus on design and R&D
Its designing and R&D play the most important role in the total value of any vehicle or its auto component. India currently has a huge and rapidly growing domestic auto market. By taking advantage of this large user base, Indian companies can further strengthen their technical capabilities and research network.
Self-reliance does not at all mean isolating oneself from the global market. Instead of being cut off from the global value chain, India will have to become an essential and strong part of it. There is a need to create a supply chain infrastructure in the country that is not limited to local needs only but can equally meet the demands of other developed and developing markets of the world. This will require continuous investment and improvement in sustainable manufacturing, advanced technology and strict quality control.
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