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.
BorgWarner has clinched an agreement with a major North American OEM to supply its bi-directional 800V Onboard Charger (OBC) for the automaker’s premium passenger vehicle battery electric vehicle (BEV...
Uno Minda, a leading tier 1 supplier of proprietary automotive solutions to original equipment manufacturers (OEMs), has unveiled an innovative range of side stand sensors and switches that use advanc...
As the adoption of electric vehicles (EVs) continues to grow, Honeywell has created innovative solutions to address safety concerns across the spectrum of EV manufacturing and use.