The 59th SIAM Annual Convention ushered in hope and optimism for the auto industry jostling with a slowdown. Held on September 05, 2019 in New Delhi, the annual fixture in the auto industry’s calendar had the stakeholders take stock of the downturn across segments that extended itself to nine consecutive months in August 2019 leading up to the congress. Titled ‘Moving into A New Era of Auto Industry’, the Chief Guest, Nitin Gadkari, Minister for Road Transport & Highways and Micro, Small and Medium Enterprises, Government of India kickstarted the proceedings of the day-long schedule by beginning on an optimistic note. He assured the stakeholders of the auto industry that the Government was standing by the industry in these trying times for the sector, weighed down by an overall slowdown in the economy and global pressures on the macroeconomic environment. Allaying fears of an extended slowdown, Gadkari spoke of the country’s potential as the preferred manufacturing destination. “India is poised to become the world’s largest manufacturing hub,” he stated.
Esta historia es de la edición October 2019 de Auto Components India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 2019 de Auto Components India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
BUSWORLD SOUTHEAST ASIA: A PREVIEW
The third edition of Busworld Southeast Asia 2024 assures a blend of comfort, innovation, and sustainability this year,
GREEN GAS SYSTEMS AND STORAGE
Greenfuel Energy tops the list for reliable clean gas systems and energy storage solutions. Deepti Thore highlights its market acceptance.
INDIA EVS COST LESS OVER LIFETIME BUT FACE UPTAKE HURDLES
The lifetime costs of electric vehicles in India are less than those of Internal Combustion Engine (ICE) models across most vehicle segments. This facilitates adoption, especially for low-speed two- and three-wheelers as per the findings of BloombergNEF’s latest report, writes Ashish Bhatia.
CHARGEQ EV ECOSYSTEM
ChargeQ is building the EV ecosystem with unique offerings for emergency charging and an emphasis on grid balancing,
NIPPON MASTERCRAFT FOR THE LUXURY SEGMENT
Nippon Paint India, the leading paint and coating company in the Asia Pacific has launched an aftermarket one-stop shop brand Mastercraft.
ATMA SPOTLIGHTS TYRE INDUSTRY TRENDS
At the ATMA Annual Conclave, stakeholders of the tyre industry deliberated on greater sustainability and the adoption of emerging technologies to enhance productivity, writes Richa Tyagi.
MAHINDRA MPOWER MOVEMENT
An established forum for emerging transporters of the country, the Mahindra MPower movement returned this year. Ashish Bhatia highlights the organisations that stood out this year at the Mahindra Truck And Bus initiative.
VOTE ON ACCOUNT: SIGNS FOR THE FULL BUDGET
The Vote On Account or the Interim Union Budget 2024-25 gave signs of what's to come for the auto industry in the Full Budget due post-elections, writes Ashish Bhatia.
SUPPORTING CUMMINS CUSTOMERS
In an Upfront session, Antonio Leitao, VP - Off-highway, Engine Business & Europe ABO Leader at Cummins Belgium speaks to Ashish Bhatia on backing both local and global customers from India.
CUMMINS' OFF-HIGHWAY PLAY
Cummins Inc. is pursuing higher efficiencies for its CEV customers from India. Ashish Bhatia highlights the advancement and customer value propositions.