Partnership With Suppliers, Innovation Key To Transition To E-Mobility

Automotive Component Manufacturers Association of India (ACMA), the apex body of the Auto Component Industry in India, hosted its 57th Annual Session and National Conference on September 8, 2017.

- Bhargav TS

The highlight of the event being the release of ACMA’s study, conducted by McKinsey & Co., themed “Future of E-Mobilty” was released by the Chief Guest, Vishvajit Sahay, Joint Secretary, Department of Heavy Industries, Government of India, along with other dignitaries. The study reveals that globally, majority of experts believe that the auto industry will be disrupted with trends like shared mobility, autonomous driving, connectivity and electrification in the future vehicles. These trends will have a major impact on the value chain, resulting in market shift and revenue pools. The role of OEMs and suppliers will fade by 2030, leading to an emergence of new players, gaining a significant share of revenues and profits of the automotive industry. The driving force towards this change in mobility will be collaboration with auto suppliers and innovation.

Sahay said that, “the auto industry plays an important role in the country’s GDP where it contributes 7.1%, and out of this auto component contributes over 2.1%. The Indian automotive industry is poised to change now. We need to view this change as an opening of new opportunities. For this, the industry needs to be not only technology-ready, but also capacity-ready. To be able to succeed in doing so we need to acquire and train the workforce while creating new avenues for skill development as well. The government expects the automobile industry to act as the prime contributor to the Make in India movement and is ready to support the industry in every possible manner.”