ACMA 60TH ANNUAL CONVENTION

The 60th annual convention of aCMa focused on what the future had to offer for the auto components manufacturers.

- Deepti Thore and Deven Lad

Deepak Jain, President, ACMA India and, Chairman and Managing Director Lumax Industries.

An atmosphere of worry and some trepidation was apparent as the auto industry executives, government officials and ministers gathered at the 60th ACMA annual convention in Delhi recently. Coinciding with the rising Covid-positive people count, the event focused on what lay ahead for the auto components industry as it battled various disruptions, caused or amplified by the pandemic. With the ‘Shaping the new normal’ theme, the convention began by Deepak Jain, President, ACMA India and, Chairman and Managing Director, Lumax Industries, drawing attention to the ‘Atmanirbhar Bharat’ initiative of the Indian Government. Announcing the launch of ACMA’s mobile application, he mentioned that the year has been a period of much resilience. Pointing at the disruptions, Jain called for the creation of a new paradigm in global quality, manufacturing excellence and sustained competitiveness to truly achieve self-reliance (Atmanirbharta).

Highlighting the auto components industry’s ability to sustain as well as reinvent business strategies, Jain said that the Covid situation has once again underlined the need to work together. Mentioned Kenichi Ayukawa, President, SIAM India, and Managing Director & CEO, Maruti Suzuki, that by working together, the industry would be able to maximise product development and achieve the desired success in terms of sales and localisation too. He stressed quality and safety while explaining that localization of components was important, and was the reduction in GST, the announcement of a scrappage policy, and policies to help increase exports. On self-reliance, Ayukawa said that this would help attract investments in an atmosphere where businesses were relocating from China.