In an interview with Motown India, Deepak Jain, Managing Director, Lumax Industries Ltd said that Make in India couldn't have come at a better time. It's extremely
critical that the government is actually recognising that the backbone of the
economy’s growth will come with manufacturing growth.
"I think the economy
obviously is a bit skewed towards the services and the manufacturing industry
needs to get its act together. I think Make in India is a tool, it's a policy enabler
to this. At least from the 25 sectors in the Make in India that the government
has identified, Automotive and Automotive component is one of the focal
sectors. I think it's extremely critical for us that we actually do our bit.
Obviously the AMP 2026 which is the Phase II of the AMP plan that has also come
out with the background of Make in India and it gives immense scope of
opportunity in both, in terms of contribution to the Automotive industry can do
towards the economic GDP of the country, also in terms of the scale of what we
can achieve domestically and in exports. I think it’s extremely motivating for
entrepreneurship, for everyone, not just invest in India, but use India as an
opportunity to have a global scale.," he noted.
Tyre major Ceat has partnered with MG Motors India for the launch of the MG Comet, the newest electric vehicle (EV) in India. As part of this partnership, Ceat will provide tyres for the MG Comet with...
Hyundai Motor India Limited has showcased exciting new 1st in segment features of Hyundai Exter. Customers can soak in the sights with smart electric sunroof while also capturing and chronicling memor...
Within the main technologies introduced at Auto Shanghai 2023– booth located in Hall 1.2H, Stand 1BF015– Marelli is presenting for the first time its “In-Cabin Advanced Technology Showcase”. This is a...