West In­dia gives glimpses of fu­ture au­to­mo­tive in­dus­try

Auto components India - - COVER STORY - ACI Bu­reau

West­ern In­dia, dom­i­nated by Ma­ha­rash­tra and Gu­jarat, is the in­dus­trial phase of In­dia. The au­to­mo­tive in­dus­try has its old­est, strong­est and largest op­er­a­tional base in the re­gion with al­most all the Global OEMs, Tier I and Tier II sup­pli­ers. These com­pa­nies have al­ways been the har­bin­gers of the change in the au­to­mo­tive sec­tor in the coun­try. Keep­ing pace with the global tech­no­log­i­cal in­no­va­tions and in tune with the mega­trends in all ar­eas, the West­ern In­dia gives glimpses of fu­ture au­to­mo­tive in­dus­try in In­dia.

West­ern In­dia con­sists of the States of Goa, Gu­jarat and Ma­ha­rash­tra along with the Union Ter­ri­tory of Da­man and Diu and Dadra and Na­gar Haveli. The re­gion, led by Ma­ha­rash­tra and Gu­jarat, is highly in­dus­tri­alised, with a large ur­ban pop­u­la­tion.

Ma­ha­rash­tra is the sec­ond largest state in In­dia both in terms of pop­u­la­tion and ge­o­graph­i­cal area. The State has 4 big­gest ci­ties in the coun­try Mum­bai, Pune, Nag­pur and Nashik and the 2 big­gest ports.

Mum­bai, the cap­i­tal of Ma­ha­rash­tra and the fi­nan­cial cap­i­tal of In­dia, houses the head­quar­ters of al­most all ma­jor fi­nan­cial in­sti­tu­tions, in­sur­ance com­pa­nies and mu­tual funds. The tech­ni­cal ed­u­ca­tion in­sti­tu­tions sup­ply re­sources to match the in­dus­trial clus­ters in the State, in­clud­ing au­to­mo­bile de­sign and man­u­fac­tur­ing, e-sup­ply chain man­age­ment, in­sur­ance ser­vices, among oth­ers. The state has a much bet­ter in­fra­struc­ture than in other parts of In­dia.

The Au­to­mo­tive Pol­icy of 2002, which had pro­vided for au­to­matic ap­proval for for­eign eq­uity in­vest­ment up to 100% and re­bates on the R&D ex­pen­di­ture spent by the com­pa­nies and the Au­to­mo­tive Mis­sion Plan (AMP) 2006-16 pro­moted large num­ber of SMEs and Tier I and II sup­pli­ers to the ma­jor com­pa­nies like Skoda, Bridge­stone, Volk­swa­gen, Audi, Pi­ag­gio, Fiat, Mercedes Benz, Gen­eral Mo­tors, Fo­ton, Goodyear, Bosch, Force Mo­tors, Mahin­dra and Mahin­dra, Ba­jaj and Tata Mo­tors.

Gu­jarat also is an in­dus­tri­ally de­vel­oped State and has many au­to­mo­tive clus­ters. Ma­jor play­ers like Gen­eral Mo­tors and Tata Mo­tors, Ford Mo­tor Co, Suzuki Mo­tor Cor­po­ra­tion and Honda Mo­tor­cy­cle and Scooter In­dia, are al­ready in Gu­jarat. The State has au­to­mo­tive clus­ters in places like Ahmedabad, Sanand and Bhuj with a host of com­po­nent man­u­fac­tur­ers and sup­pli­ers. By 2020 au­to­mo­tive com­pa­nies in Gu­jarat are ex­pected to pro­duce 15 lakh units. The over­all in­vest­ment in the State to be made by sup­pli­ers is es­ti­mated to touch Rs 10,000-15,000 crore over the com­ing decade.

In our Cover Story we have re­ports about some of the new and lead­ing play­ers in the auto com­po­nent sec­tor, mainly the Tier I and Tier II sup­pli­ers, in West­ern In­dia, in­clud­ing an ex­clu­sive in­ter­view with Ste­fano Pelle, Man­ag­ing Di­rec­tor and CEO, Pi­ag­gio Ve­hi­cles Pri­vate Lim­ited

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.