New Delhi July 28, 2015: With the objective of sensitising the automotive industry on how new technologies can emerge as differentiators in new age vehicles, Automotive Component Manufacturers Association of India (ACMA) jointly with Society of Indian AutomobileManufacturers (SIAM) organised a National Conference on Driving Affordable and AccessibleTechnology Innovations yesterday in New Delhi. The conference also focussed on impact of the disruptive technologies and changes in regulatory environment on business models of the vehicle industry and the auto component manufacturers.
Recognising the imperatives of technology and its future implications Mr. Vinnie Mehta,Director General, ACMA said, “Through this initiative we have tried to provide the industry a perspective on emerging affordable and accessible technologies in automotive sector. AsIndia catches up with new technology trends such as light weighting, electrification of power trains, safety and emission norms, the domestic industry will have to evolve to meet the stake-holders expectations. The Indian auto component industry endeavours to be among the top five global suppliers in the next few years; where technology will be a key driver in differentiating us from our competitors.”
The conference brought together eminent industry players, Government representatives and other stakeholders to discuss the evolving technology trends. Leading automotive players like Maruti Suzuki, Sona Koyo, JBM, KPMG, Lucas TVS and Visteon Automotive, also presented their perspective. Besides, there were case studies from the vehicle and auto component manufacturers on topics across such as enhancing localization, electric vehicles, vehicular connectivity,safety and auto electronics and supply chain competencies.
Speaking on the occasion, Mr Ambuj Sharma, Additional Secretary, Ministry of HeavyIndustries (MOHI), said, “The Government, as part of the National Electric Mobility MissionPlan (NEMMP) 2020, has launched the Faster Adoption and Manufacturing of (Hybrid and)Electric vehicles (FAME) scheme that provides several incentives for R&D and innovation.That apart, the government has made significant investments in Testing & Certificationsfacilities across the country. The industry should utilise this infrastructure for moving up the value chain.”
According to the study by KPMG, ‘Emerging trends and technologies in the automotive sector- Supply chain challenges and opportunities’, the usage of electronics in the automotive industry is increasing significantly. Considering the growing importance of electronics and connectivity in cars, developing less expensive electronics architecture will expedite the demand for electronics and enable sophisticated functionalities. Indian software firms will need to play a pivotal role in forming effective partnership with industry stakeholders to create cost effective electronics solutions and connected vehicles.
“The global auto industry is converging with other industries to develop connected and safer vehicles to enhance in-vehicle experience. OEMs and auto component players in India will have to engineer low cost solutions without any compromise on quality to make technologies affordable and accessible”, said Rajeev Singh, Partner and Head, Automotive Sector,KPMG in India.
The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of the Indian Auto Component Industry. Its active involvement in trade promotion, technology up-gradation, quality enhancement and collection & dissemination of information has made it a vital catalyst for this industry’s development. ACMA’s charter is to develop a globally competitive Indian auto component Industry and strengthen its role in national economic development as also promote business through international alliances.ACMA is an ISO 9001:2008 certified Association.
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 155 countries and have 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.