As businesses get back on track, the Indian automotive sector is making slow but steady progress towards assuming a bigger role in the global arena. The April 15 issue of Autocar Professional focuses on how the industry is building on its competencies to expand footprints in India and across the world.
This 48-page issue is also a ‘Commercial Vehicle and Construction Equipment special’ with stories that are a mix of analysis, perspectives and quick updates on all the action in the past fortnight.
Skoda raises the India bar
Christian Schenk, Skoda Auto Board Member for Finance and IT and Chairman of Skoda Auto Volkswagen India says India’s competencies will play a key in the company’s global plans. He believes the India success story thus far is a good reference point for other regions.
Bullish on India
An Autocar Professional exclusive -- Philip Nelles, Member of the Continental Executive Board and Head of Group Sector ContiTech says China, India and Japan are the core markets for the ContiTech Group in Asia where it is going all out to tap new opportunities.
M&M’s Farm Equipment sector gameplan
Hemant Sikka, President of Mahindra’s Farm Equipment Sector says the company will focus on helping farmers get more yields and this is where Krish-e will play a big role by way of counselling and offering better options in technology and digital.
Maharashtra’s Environment Minister, Aaditya Thackeray reaffirms the commitment to safety, says all EVs in the state compulsorily will go through stringent safety checks carried out by organisations such as the ARAI.
EKA, the electric vehicle arm of Pune-based Pinnacle Industries will launch a hydrogen-based bus and LCV in this calendar.
CV & CE special
The government’s infra focus surely added a fillip to the CV segment coupled with pent up demand for replacement of truck fleet and demand for buses. A quick look at how key CV majors are taking forward the growth push
-Tata Hitachi’s managing director Sandeep Singh says increased road building and improving liquidity augurs well for the construction equipment sector
-Schwing Stetter opened its 5th plant near Chennai last year as it targets becoming a global hub for making concrete boom pumps.
-Sany India, the wholly-owned subsidiary of Sany Heavy Industry, a China-based construction equipment company is banking on the 'Make-in-India' programme to enhance its footprint.
Given the recent hike in fuel prices, Bal Malkit Singh, chairman -- Core Committee, All Indian Motor Transport Congress says the government should announce fuel price hike on a quarterly basis.
Companies selected for the government’s PLI scheme outline their priorities
-Lumax Auto hopes to invest at least Rs 250 crore during 2022-2027 even as it targets trebling its revenues from proposed production capabilities.
- Napino Group CEO Navin Kumar expects to see an inflection point for the auto industry over next 2-3 years when a majority of investments is likely to be focused on products related to EVs or agnostic of the powertrain.
- Nikhil Patil of Advik Hi-Tech says the PLI will help Indian companies achieve self-reliance for critical parts
- Minda's leadership says the PLI scheme will accelerate the company's investments and efforts that will help the entire automotive eco-system including tier 3 and 4 suppliers.
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