1. As life set to get challenging for automakers, Centre-Industry partnership will be crucial

As life set to get challenging for automakers, Centre-Industry partnership will be crucial

Govt is likely to unveil the automotive mission plan (2026) in the coming months

By: | New Delhi | Updated: September 1, 2016 6:10 PM
car-reu-L The union government is expected the unveil the automotive mission plan (2026) in the coming months and the automotive industry will undergo rapid transformation in order to adhere to the new safety emmision, fuel efficiency and other norms in the days to come. (Reuters)

Top executives of the automobile industry on Monday underscored the importance of innovation in technology and the challenges that the automobile sector will have to confront in order to adhere to the BS VI emmision norms by 2020.

Participating in the SIAM annual convention, the executives emphasised on the importance of pragmatic policy formulation by the government for further development of the domestic automobile sector.
Kenichi Ayukawa, chief executive officer and managing director of Maruti Suzuki India, indicated towards the contribution of the automobile sector in the development of the country and the sector’s dependency on government policy in the aspect of safety and emmision related issues.

“Manufacturing sector is key to economic development of the country and the automobile sector is at the heart of manufacturing sector in the country. The challenge is to create simplistic environment which will lead to a better synergy between the government and the industry,” Ayukawa said.

The union government is expected the unveil the automotive mission plan (2026) in the coming months and the automotive industry will undergo rapid transformation in order to adhere to the new safety emmision, fuel efficiency and other norms in the days to come.

Pawan Goenka, executive director, Mahindra and Mahindra (M&M) highlighted how challenging life is going to become for automakers in the next 10 years and partnership between the union government and the industry will be very important.

“By 2026 Indian auto industry will become the third largest in the world and to overcome countries like Japan and South Korea will be extremely challenging. Automobile is also closely aligned to some of the initiatives of the government like Make in India, Skill India amongst others. In the next few years policy has to be aligned to create jobs,” added Goenka.

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