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Automobile Industry In India

Automobile Industry In India:

The Union Minister of Commerce and Industry addressed the 62nd Automotive Component Manufacturers Association (ACMA) Annual Session.

  • The Theme of the session was ‘Future of Mobility – Transforming to be Ahead of Opportunity’.
  • The ACMA is the apex body representing the interest of the Indian Auto Component Industry. Its membership of over 850 manufacturers contributes to more than 85% of the auto component industry’s turnover in the organized sector.

Highlights of the Session:

  • The 5-point action agenda was given for the Automobile Industry:
    • To Focus on Quality in order to become globally competitive and reduce dependence on imports.
    • To Think holistically and have a larger vision to engage with others in the spirit of openness and competitiveness.
    • To Give emphasis on Value Addition.
    • To Exit the Uncompetitive market and explore new market opportunities in the sectors where we can be competitive.
    • To Think big and set aggressive targets and ambitions for the industry.
  • Further, the government emphasize that future of the Automotive Component Industry rests on being more Connected, focusing on Convenience, orienting towards Clean Energy and clean mobility and using Cutting-edge technology.

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