New Delhi, The auto part trade ought to deal with enhancing localisation, enhancing manufacturing high quality and hold investing in rising applied sciences for a sustainable progress, Maruti Suzuki Executive Chairman Kenichi Ayukawa stated on Wednesday. Speaking on the 62nd session annual session of ACMA right here, Ayukawa, who can also be the president of auto trade physique SIAM, famous that localisation is important to make sure progress of the auto part trade.
“We have to go much deeper and find ways to localise smallest of the components, including raw material, wherever possible,” he stated.
The trade must also deal with enhancing and sustaining increased ranges of high quality, he stated.
“Indian auto industry has gained a large scale, both in the domestic market and exports. At this big scale, quality holds a very high significance. Any small mistake can be harmful not only for the industry but for the brand ‘Make in India’,” he famous.
Investing in new futuristic applied sciences is one other space which the auto part trade ought to think about, Ayukawa stated.
“Prime Minister has committed a target of net zero carbon emission by 2070 and 45 per cent reduction by 2030. In our journey of de-carbonisation to achieve these targets, industry should put efforts and invest in all feasible futuristic technologies,” he stated.
Ayukawa additionally requested the trade to maintain investing within the core companies.
“I always tell my supplier partners at Maruti Suzuki, that re-investing in the core business is very important. It not only strengthens your financials but also improves your ability to deal with challenges,” he acknowledged.
Ayukawa stated SIAM and ACMA ought to collaborate and put vital efforts to carry again and maintain the expansion of the trade.
ACMA President Sunjay Kapur, on the occasion, stated that whereas passenger and business automobile gross sales have returned to the pre-pandemic ranges, two-wheeler gross sales are anticipated to rebound within the festive season.
The Automotive Component Manufacturers Association of India (ACMA) represents over 850 producers contributes greater than 90 per cent of the auto part trade’s turnover within the organised sector.