The Automobile and Auto
Components industry in India is leading the manufacturing sector and is a major
part of the Make in India Initiative. This was stated by Anant Gangaram Geete,
Minister of Heavy Industries and Public Enterprises at the Inaugural Session of
the 14th Auto Expo 2018 Components Show being organised by the Confederation of
Indian Industry (CII), the Automotive Component Manufacturers Association
(ACMA) and the Society of Indian Automobile Manufacturers (SIAM) from February
8 to 11, 2018 at Pragati Maidan in New Delhi.
According to the Minister, a
major focus of the auto industry should be to develop environment-friendly
vehicles and he committed his Ministry’s support to make this happen.
Suresh Prabhu, Minister of
Commerce and Industry, highlighted the need for the auto components industry to
develop global standards and participate in Global Value Chains (GVCs). He
stated the industry was already a success story in terms of participating in
global supply chains and was now ready to value add and participate in GVCs.
He stated that his Ministry
was exploring the development of two auto clusters. One on the east coast and
one on the west coast. These would be created on a global scale with world
class facilities to help the automotive industry plug into the GVCs. He urged
the auto components industry to step up their exports as this, in his view,
would go a long way in boosting the growth of the sector.
Shobana Kamineni, President,
CII stated according to a recent CII study, 5 products in the automotive sector
had the potential to be #1 or #2 in the world. These included passenger
vehicles, two and three wheelers, heavy commercial vehicles, auto electricals
and electronics and automotive batteries. These have now been acknowledged by
the Government of India and included as a part of the 25 priority sectors for
Make in India 2.0. She felt that the sector was well positioned to benefit from
globalisation and increase its exports exponentially.
Complementing the Indian auto
component industry, Abhay Firodia, President, SIAM, said, “Today, the Indian
auto component industry contributes to more the half of the average exports of
the automotive industry achieves. The Auto Expo - Components Show is one such
platform where the exhibitors show their maturity and technology prowess to
their potential customers in light of the disruptions which the industry is
bound to face. It is heartening to see the Indian auto component industry is
all geared up to take the bull by the horn.”
Nirmal Minda, President, Automotive Component
Manufacturers Association said, “There are two major headwinds that the Indian
automotive industry is gearing up for, one, preparing itself to transition from
BSIV to BSVI and the other is embracing Electric mobility. I hence, urge our
two ministers to ensure that a technology neutral road-map, with well defined
roles and responsibilities, and definite timelines, is made available to the
industry so that we can transition well or else the disruption will sweep us
“We are also delighted that
the Ministry of Commerce and Industry is shortly going to launch a new
Industrial Policy while Department of Heavy Industry is working towards new
Auto Policy, we hope both the policies are well integrated and complement each
other”, added, Minda.
Chandrajit Banerjee, Director General, CII
stated that the Auto Expo 2018 Components show covered 60,000 square meters of
exhibition space, over 1200 participants from over 20 countries. There were
seven international pavilions showcasing world class technologies and products.
Vinnie Mehta, Director General, ACMA delivered
the concluding remarks stating “The Auto Expo has come a long way in terms of
display and stature. We welcome you to the world’s largest auto component
Source: ACMA, CII, SIAM
Bolt, India’s largest EV charging network, announced the launch of Bolt Lite, India’s first safest, smartest and most affordable universal EV charging socket.
Renon India, one of India’s leading energy storage companies, has launched its swappable smart batteries, Groot, for electric 2-wheelers. The Li-ion battery pack for low and medium speed EVs is built ...
MG Motor India introduced ‘MG Service on Wheels’ initiative to provide customers with car repair and maintenance services from the comfort of their homes. This service outreach programme reinforces th...