60th SIAM Annual Convention
Auto Components India|November 2020
To build an effective and efficient auto industry, the 60th SIAM Annual Convention voted in favour of an inclusive approach.
Deepti Thore and Deven Lad

Held close on the heels of the automotive industry gearing for the festive season and emerging stronger from the pandemic induced hardships, the 60th SIAM Annual Convention was all for an inclusive approach and a united effort. Vehicle sales were down by 75.49 per cent to 14,91,216 units in the April-June (Q12021) with Q2 showing green shoots. In comparison to sales, production declined by 79.39 per cent to 14,86,594 units in the same quarter. Exports, on the whole, declined by 63.49 per cent to 4,36,628 vehicles. With this perspective, admitting to the worse slowdown in two decades, averred Rajan Wadhera, Past President, SIAM and Senior Advisor, Mahindra & Mahindra, “Even with the supply disruptions and domestic lockdown in 2020, the Indian automobile industry is hopeful of demand recovery.”

Demand and supply bottlenecks

Uday Kotak, President at Confederation of Indian Industry (CII) and Managing Director and Chief Executive Officer, Kotak Mahindra Bank linked the growth in infrastructure to the industry’s growth. To drive the sectoral recovery, he advocated for strong investments by the government in road infrastructure. Quipping that the past months were a “never-normal” phenomenon, he lauded the leadership demonstrated by Original Equipment Manufacturers(OEM) to address the supply-side issues and in turn open the door to new opportunities. He emphasised upon the need to iron out the creases on the supply-side ahead of complete demand recovery, calling out the government to ensure better coordination between the centre and the states.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM AUTO COMPONENTS INDIAView All

Regaining Lost Momentum

The Pune-based Central Institute of Road Transport is regaining the lost momentum in 2020 to attain new highs.

7 mins read
Auto Components India
January 2021

The Nerve Centre

Tata Technologies and GKN Automotive, in a strategic move, have got together for emobility. A global software engineering centre is their first byproduct. It is expected to be the nerve centre for growth.

3 mins read
Auto Components India
January 2021

TAGMA Tooling Summit 2020

At the first-ever virtual edition of the International Tooling Summit, the objective was to help the tooling industry chart its way through these challenging times. Team ACI

2 mins read
Auto Components India
January 2021

Portable Calibration Tools

A CII-Fluke joint live workshop pointed at the critical role of portable calibration tools in process optimisation.

4 mins read
Auto Components India
January 2021

Playing To Strengths

The International Centre for Automotive Technology is playing to its strengths in the automotive domain, to help the industry fastrack recovery.

6 mins read
Auto Components India
January 2021

New Highs

In an upfront interaction, Shekhar Dhole, Scientist - C & Head Safety & Homologation/Certification spoke about Automotive Research Association of India striving for newer highs post 2020.

8 mins read
Auto Components India
January 2021

Gearing For Aftermarket Growth

In a Society of Indian Automobile Manufacturers webinar, growth in the aftermarket took centre stage.

4 mins read
Auto Components India
January 2021

Freudenberg Filtration Technologies

Freudenberg Filtration Technologies India has introduced advanced in-cabin air filtration solutions and services.

5 mins read
Auto Components India
January 2021

Discounting 2020

In an upfront conversation, Dinesh Tyagi, Director at ICAT spoke of the need to discount 2020 from the five-year vision and 10-year target plan of ICAT.

7 mins read
Auto Components India
January 2021

Creating Real Value For Customers

In an upfront interaction, Warren Harris, Managing Director and Chief Executive Officer, Tata Technologies spoke of offering solutions to pave the way for a cleaner and sustainable mobility solutions and for creating real value for customers.

6 mins read
Auto Components India
January 2021
RELATED STORIES

OFF-ROAD RELIABLE

THE ROXOR IS THE BACKCOUNTRY BUG-OUT VEHICLE THAT CAN HANDLE THE JOB.

7 mins read
American Survival Guide
August 2020

E for efficiency

While some manufacturers desert the series due to regulation changes, Mahindra Racing sees Formula E as a challenge well worth accepting

10+ mins read
Racecar Engineering
February 2021

The age of value Trucks

The age of value trucks is here.

10+ mins read
Commercial Vehicle
January 2021

ELECTRIC THREE-WHEELERS GAIN MOMENTUM

Electric three-wheelers gather momentum, courtesy the involvement of bigger players.

6 mins read
Commercial Vehicle
January 2021

A Shared Development

The Third CIIE shows China's determination to continue opening up

4 mins read
China Africa (English)
December 2020

Keep pace with the change

Long-term planning is passé. Companies need to periodically reassess the business environment and explore ways to rebuild consumer confidence, especially during difficult times.

5 mins read
Indian Management
December 2020

SUVs OF 2021

DON’T BUY A NEW CAR JUST YET! HERE’S EVERY NEW SUV HEADED YOUR WAY IN THE NEW YEAR, AND WHY IT MIGHT BE WORTH WAITING FOR THEM

10+ mins read
Overdrive
December 2020

When & How To Engage 4H & 4L In Mahindra Thar

The all-new 2020 Mahindra Thar SUV looks bold and drives well, both in the city as well as offroad, though people buying this muscular looking vehicle will be driving it a lot beyond the ordinary roads.

4 mins read
Motown India
December 2020

“Financial impetus needed for new CV purchase to pick up pace” – Veejay Nakra, CEO (Automotive Division), Mahindra & Mahindra

He has a new title following his name but he is not new to the volatility of the automotive segment. In this candid interaction with MOTORINDIA’S N Balasubramanian, Veejay Nakra, CEO (Automotive Division), Mahindra & Mahindra Limited, opens up on how his company has weathered the pandemic-triggered lockdown while getting manufacturing facilities ready, preparing for the BS VI changeover, dealing with changing consumer preferences and exploring new opportunities for the small, medium and heavy commercial vehicles

6 mins read
MOTORINDIA
September 2020

MAHINDRA launches iMAXX telematics connected vehicle technology to help CV fleets

Mahindra Truck and Bus (MTB) has announced the launch of its connected vehicle technology, Mahindra iMAXX, as part of its efforts to deliver a distinguished fleet management experience for its customers.

3 mins read
MOTORINDIA
September 2020