Auto Parts Industry Should Boost Localisation, Invest In Tech: Maruti Suzuki
The auto component industry should focus on enhancing localisation, improving manufacturing quality and keep investing in emerging technologies for a sustainable growth, Maruti Suzuki Executive Chairman Kenichi Ayukawa said on Wednesday.
The auto component industry should focus on enhancing localisation, improving manufacturing quality and keep investing in emerging technologies for sustainable growth, Maruti Suzuki Executive Chairman Kenichi Ayukawa said on Wednesday.
Speaking at the 62nd annual session of ACMA, Ayukawa, who is also the president of auto industry body SIAM, highlighted that localisation is necessary to ensure growth of the auto component industry.
"We have to go much deeper and find ways to localise smallest of the components, including raw material, wherever possible," he said.
The industry should also focus on improving and sustaining higher levels of quality, he added.
"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 noted.
Investment in new futuristic technologies is another area that the auto component industry should consider, Ayukawa said.
"Prime Minister has committed a target of net zero carbon emission by 2070 and 45% reduction by 2030. In our journey of decarbonisation, to achieve these targets, the industry should put efforts and invest in all feasible futuristic technologies," he added.
Ayukawa also asked the industry to keep investing in the core businesses.
"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 stated.
Ayukawa said SIAM and ACMA should collaborate and put significant efforts to bring back and sustain the growth of the industry.
ACMA President Sunjay Kapur, at the event, said that while passenger and commercial vehicle sales have returned to the pre-pandemic levels, two-wheeler sales are expected to rebound in the festive season.
The Automotive Component Manufacturers Association of India (ACMA) represents over 850 manufacturers and contributes more than 90% of the auto component industry's turnover in the organised sector.