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Feb 14, 2018 02:50 PM IST

Getting Indian auto component industry future ready

The auto component sector in India is today a strong $ 43.5 billion industry with exports of $ 11.2 billion and has been, in many ways, propelling this vision of ‘Make in India’ for the last several years.

Ahead of the Auto Expo 2018, the Automotive Component Manufacturers Association of India (ACMA) hosted the third New Delhi Automotive Summit, where manufacturers from across the globe converged and spoke about the future of the industry.

ACMA, the apex body representing the Indian auto component industry, hosted the third edition on the topic ‘Making the Indian Auto Component Industry Future Ready’, discussing how the Indian auto component industry can gear up and move away from traditional ICE based platforms to cleaner technologies including electric cars, etc.

There was a string of discussions on various topics that saw some interesting findings. The panellists deliberated on global automotive trends, technology and best practices. They also gave futuristic insights.

The summit, which was held on February 7, saw global luminaries discussing how the Indian auto component industry can achieve milestones by equipping themselves with first quality standards, worldwide tech capabilities and ability to supply to global OEMs.

It was also discussed how technology and software are making important inroads in the sector. It was also suggested that India should form joint ventures with global suppliers and bridge the technological gap to innovate themselves.

Meanwhile, the summit took place in the backdrop of the ‘Make in India’. The auto component sector in India is today a strong $ 43.5 billion industry with exports of $ 11.2 billion and has been, in many ways, propelling this vision of ‘Make in India’ for the last several years.

Many other interesting discussions also brought to light now the Indian auto component sector can fuel growth. Here’s a look

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