SIAM Con­ven­tion

The way for­ward for the auto in­dus­try

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At its 58th An­nual Con­ven­tion, SIAM high­lights the need for a long term roadmap for the auto sec­tor, as it heads to­wards global tran­si­tion to EVs and fu­ture mo­bil­ity, Pratik Rak­shit re­ports

The So­ci­ety of In­dian Au­to­mo­bile Man­u­fac­tur­ers (SIAM), the body rep­re­sent­ing In­dia’s au­to­mo­bile sec­tor, held its 58th An­nual Con­ven­tion ti­tled “Build­ing the Na­tion, Re­spon­si­bly”. The speak­ers present at the con­ven­tion con­sisted of Anant Geete, min­is­ter of heavy in­dus­tries, Nitin Gad­kari, min­is­ter of road trans­port, high­ways, Dr. Ra­jiv Ku­mar, vice chair­man, NITI Aayog among oth­ers. This year, the fo­cus was on the need for a long term pol­icy for elec­tric ve­hi­cles and fu­ture mo­bil­ity. The speak­ers high­lighted the need for a pol­icy roadmap for its au­to­mo­bile sec­tor and that mod­er­at­ing Goods and Ser­vice Tax is also of im­por­tance.

In his speech, Geete as­sured that the gov­ern­ment is work­ing on a new auto pol­icy and that it will dis­cuss the rec­om­men­da­tions with the auto in­dus­try be­fore any pol­icy is fi­nalised. Talk­ing

about the Goods and Ser­vice Tax, Geete said that the in­dus­try need not worry about the per­cent­age and that the gov­ern­ment will take the re­quire­ment of the con­sumer un­der con­sid­er­a­tion. Ac­cord­ing to the Min­is­ter of Heavy In­dus­tries, the new pol­icy will be in­dus­try, con­sumer and en­vi­ron­ment friendly, while en­sur­ing growth of the in­dus­try. The Min­is­ter also ap­plauded the in­dus­try’s proac­tive in­volve­ment to help re­duce its de­pen­dence on sin­gle tech­nol­ogy and fo­cus on R&D for sus­tain­able de­vel­op­ment.

Also present at the con­ven­tion was Nitin Gad­kari, min­is­ter of road trans­port, who an­nounced ex­emp­tion of com­mer­cial ve­hi­cles, buses, taxis and all ve­hi­cles run­ning on al­ter­na­tive fuel from the per­mit re­quire­ments. He also promised to open more busi­nesses for the in­dus­try and that any two-wheeler can be run as a taxi in non-metro cities, which will pro­vide large em­ploy­ment op­por­tu­ni­ties for the youth. Ad­di­tion­ally, the gov­ern­ment is also work­ing on build­ing good roads, which will re­duce the us­age of speed gover­nors.

The apex body, how­ever, feels that the In­dian auto sec­tor is grow­ing in size and has plans to cre­ate 65 mil­lion ad­di­tional jobs, while work­ing with dif­fer­ent stake­hold­ers and the gov­ern­ment to en­sure sus­tain­abil­ity and growth. Con­cen­trat­ing on the ex­ports as well as the Bharat Stage-VI dead­line in 2020, the in­dus­try feels that there is a need to build an ecosys­tem and the tran­si­tion needs to be grad­ual than hav­ing a sud­den dis­rup­tion.

THE AUTO IN­DUS­TRY CALLED

FOR A 10-YEAR POL­ICY ROADMAP OF THE SEC­TOR WHICH WILL GIVE MORE SUSTAINABILTY AND GROWTH TO THE IN­DUS­TRY

(From L-R) Pres­i­dent, SIAM, Ra­jan Wad­hera, Dhar­men­dra Prad­han, min­is­ter of pe­tro­leum & nat­u­ral gas, Ab­hay Firo­dia, former pres­i­dent, SIAM, Nitin Gad­kari, min­is­ter of road trans­port and PK Ban­er­jee, ex­ec­u­tive di­rec­tor, SIAM

1. Firo­dia said IC en­gines will con­tinue for an­other decade. 2. Geete as­sured the new auto pol­icy will be con­sumer friendly. 3. Ra­jan Wad­hera is the new pres­i­dent of SIAM. 4. Suresh Chet­tiar, VP, Volvo Buses, Felix Kuh­n­ert, PwC, Guenter Butschek, CEO, Tata Mo­tors, Anat Bon­shtein, PM's of­fice, Is­rael and Su­gato Sen, deputy di­rec­tor-gen­eral, SIAM were in at­ten­dance

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