CHANDIGARH,30.05.20-Product Design & Development and Testing & Protoype need of the hour for the auto industry: Arun Goel, Secretary – Department of Heavy Industry, Ministry of Heavy Industry & Public Enterprise, Government of India

The Indian auto industry should reach the top of the value chain for the benefit of the sector as well as the economy said Mr Arun Goel, Secretary – Department of Heavy Industry, Ministry of Heavy Industry & Public Enterprise, Government of India. Mr Goel was speaking at the CII Indian Automotive Value Chain Summit organised through online platform.

Elaborating further, Mr Goel emphasised that there is need for investments in R&D and forging industry-academia tie ups by the auto industry. Mr Goel urged the industry to consider skilling of youth in less explored areas viz. product design & development and testing & protoype.

Mr Goel emphasised that in almost all of the industrialised countries, the auto sector is the backbone of the economy. So is true for India. Highlighting the importance of the auto sector for the Indian economy, Mr Goel mentioned that the auto industry accounts for 49% of the manufacturing GDP, 27% of the industrial GDP and 8% of the total exports. He added that though the auto sector like other sectors is facing challenges on account of the outbreak of COVID-19 but we are confident that the sector is much stronger and will definitely bounce back and the Government is willing to provide all the necessary support.

In his welcome address, Mr Sunjay Kapur, Chairman, CII Haryana State Council & Chairman, Sona COMSTAR emphasised that with the outbreak of COVID-19, the global supply chain has been disrupted but at the same time there are chances of new procurement sources getting developed within the country which can lead to utilisation of huge potential for the Indian Automotive component manufacturers.

Speaking on the occasion, Mr Rajiv Gandhi, Vice Chairman, CII Haryana State Council &Sr. ED - Production, Maruti Suzuki India Ltd mentioned that under the current scenario there is an urgent need to revive our strategies in terms of sourcing materials, manufacturing as well as marketing and for this all Stakeholders of Indian Automotive Industry have to brainstorm and have consensus for betterment of the sector as a whole.

Addressing the delegates, Mr Deepak Jain, President, ACMA & Managing Director said that the Indian auto sector has registered degrowth of 18% last year and for the current year the chances are of 20-25% degrowth but we are confident that the sector will bounce back and attain its previous peak. He emphasised that to achieve this, we require support from the Government and the schemes are export incentives schemes being worked on are a step in right direction.

Mr Saket Bhatia, Vice Chairman, CII Faridabad Zone & Director, Bony Polymers Pvt Ltd mentioned that the current pandemic has left the industry to witness important changes expected from the consumers as well as refinement and upgradation in the existing business model to manage the operations more efficiently and reach out to the consumers more effectively, all of this in the envelope of controlled and desired expenses.

Some of the other eminent speakers who addressed the delegates included Mr Sunil Kakkar, Executive Director – Supply Chain, Maruti Suzuki India Ltd; Mr Nitin Seth, COO, Ashok Leyland Ltd; Mr Raj Kalra, President, Mahle India Pvt Ltd; Mr N Babu, VP – Parts & Products, JCB India Ltd; Mr Alok Dave, Vice President – Purchasing, Schaeffler India Pvt Ltd; Mr Vishal Khanorkar, Vice President – Head Purchasing, Tata AutoComp System; Mr Kalpesh Pathak, Sr Vice President – Corporate SCM, Fiat India Pvt Ltd; Mr Saurabh Gupta, Vice President - Supply Chain, Akzo Nobel.