Schedule a Call Back
SIAM Automotive Sourcing Conclave Focuses on Building a Resilient Supply Chain
Articles- Nov 28,23
SIAM organises Automotive Sourcing Conclave where industry experts and leaders came together to address challenges in the Supply Chain.
Society of Indian Automobile Manufacturers (SIAM), the apex body of the automobile industry, hosted the Automotive Sourcing Conclave under the theme "Towards Building a Resilient Supply Chain." The conclave addressed critical areas in the supply chain, including EV components, electronics and electrical, transmission systems, and metals.
Guest of Honour, Dr Hanif Qureshi, Joint Secretary at the Ministry of Heavy Industries, Government of India, said, “SIAM and ACMA's close collaboration with the Government of India, plays a pivotal role in shaping policies. The essence of these policies, particularly in the automotive industry, revolves around localisation, which is the heart of the Government's approach. There is substantial potential for domestic value addition within the country. The growth trajectory is marked by advanced automotive components and R&D in this sector must be promoted.”
Guest of Honour, Anant Swarup, Joint Secretary at the Ministry of Heavy Industries and the Department of Commerce, Government of India, said, “There is a greater possibility for further increased localisation in the Auto Industry and there is a potential to achieve this across OEMs."
During the conclave, Guest of Honour, Anant Swarup also inaugurated a digital showcase of Localisation Opportunities for the Vendors in Indian Auto Sector.
Vinod Aggarwal, President of SIAM and CEO & MD of VE Commercial Vehicles, delivered a special address. He said, “The process of localisation is poised to substantially reduce costs, generate more employment opportunities, and further enhance export. The conclave will help us to formulate a robust action plan, gaining insights on how we can localise and align our efforts with the Government of India's objectives.”
Sunil Kakkar, Chairman of SIAM Aatmnirbhar Bharat Sourcing Group and Senior Executive Director at Maruti Suzuki India set the tone for the conclave with a welcome address, by saying, “This is the best time to invest and scale localisation for Indian Auto OEMs and Auto Components manufacturers.”
Special addresses were given by Vikrampati Singhania, Vice President, ACMA & MD & Director, J K Fenner India, and Sumanta Chaudhuri, Principal Advisor, International Trade Policy Division, CII on Impact of IPEF on Automotive Sourcing.
During session themed on "Trends in Automotive Transmission," Sachin Kulkarni, Co-Chairman SIAM Aatmnirbhar Bharat Sourcing Group and Senior Executive Director at Skoda Auto Volkswagen India, commenced the session with an insightful opening address by adding, “The demand for Automatic transmission is growing in India. SIAM, ACMA, and Indian Government need to form one team to work together to promote localisation of Automatics in India," which set the tone for a deep dive into the dynamics shaping the automotive transmission landscape.
In the session themed on “Specialised Metals and Raw Materials for Auto Sector” wherein Badrish Sinha, Co-Chairman SIAM Aatmnirbhar Bharat Sourcing Group and Vice-President - Purchasing, VE Commercial Vehicles, said, “Indian steel mills have the competency and efficiency to compete with global markets and by working closely with the steel mills we can reduce steel imports."
Esteemed panelists including Sanjeev Maini, HOD, Metallurgical Engineering, Bureau of Indian Standards, Sanjay Agarwal, EVP and Business Head, Long Products, JSW Steels, Animesh Sinha, Chief of Marketing & Sales - Automotive - Tata Steel, R V Dalvi, Director-Technical, Sunflag Iron & Steel Company, and Kedar Rele, Managing Director, Umicore India, presented their thoughts and ideas on the topic.
During the Session themed on “Opportunities in EV Components, Electricals, and Electronics Supply Chain”, wherein Veeraraghavan R, Co-Chairman SIAM Aatmnirbhar Bharat Sourcing Group and Senior Vice President - Strategic Sourcing, Mahindra & Mahindra, said, "Considering the growing demand of electronics, this is a very critical area for us as an Industry to localise. We also need to secure our supply of semiconductors."
Harendra Saksena, Chief Purchasing Officer, Ather Energy Private, added, "There is a huge market in 2-wheeler in India. EV adoption of 2-wheeler will go to 60 per cent by 2030, which will create huge demand for electronics & Electricals in the segment."
The session, moderated by Rahul Kapur, Partner, Grant Thornton Bharat LLP, saw active participation from distinguished panellists including Prashanth Doreswamy, President and CEO, Continental India, Archit Agarwal, Corporate Head for Sourcing, Minda Corporation, Amardeep Punhani, Senior Director R&D, Digital Design, NXP Corporation, and Prithvideep Singh, General Manager, CDIL Semiconductors.
Society of Indian Automobile Manufacturers
Automotive Sourcing Conclave
Dr Hanif Qureshi
Anant Swarup
Vinod Aggarwal
Sunil Kakkar
Vikrampati Singhania
Sanjeev Maini
Animesh Sinha
Sunflag Iron & Steel Company
Kedar Rele
Harendra Saksena
Ather Energy
Rahul Kapur
Partner
Grant Thornton Bharat LLP
CDIL Semiconductors
Prashanth Doreswamy
Amardeep Punhani
NXP Corporation
Minda Corporation
Archit Agarwal
Related Stories
Other Industrial Products
European machine tool makers see India as strategic partner: Filip Geerts
In this interview with Rakesh Rao, Filip Geerts, Director General, CECIMO, shares his insights into the challenges, opportunities, and outlook for the European and global machine tools sector
Read moreProcess Equipment
L&T Energy GreenTech, Japan's ITOCHU partner for 300 KTPA green ammonia project
As part of the agreement, LTEG and ITOCHU will collaborate on developing the facility, with ITOCHU planning to offtake the green ammonia for bunkering applications in Singapore.
Read moreAerospace Defence
Indian Aerospace & Defence Sector: The Emerging Global Manufacturing Powerhouse
Bolstered by rising budgets, modernisation drives, Make in India initiative and export expansion, India’s aerospace and defence (A&D) sector has emerged as a promising sector for investors. Rahul ..
Read moreRelated Products
Automotive Shock Absorbers - Auto Parts
Automotive Components & Accessories
TMA International Private Ltd. has export comprehensive range of shock absorbers.
Factory Automation Service
Automotive Components & Accessories
Frontline Technologies offered factory automation services.
Automation Solutions
Automotive Components & Accessories
Rechner Automation Systems Pvt Ltd is a one stop provider of industrial automation solutions. Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
