Auto components India
Setting A Good Example To Follow
It is good to see the tier 1 suppliers looking out for their tier suppliers or sub-contractors in turn. Not just to secure their interests but to also ensure that the value chain taps into opportunities at large. Both domestically as well as globally. In existing technology as well as emerging areas of business potential. From ensuring Group grade compliance to upskilling for evolution in overall capability to match global benchmarks for local needs. In an ideal world, when a tier 1 supplier turns a solution provider it must elevate the status of an entire value chain. Imagine, every supplier pursues the opportunity to scale up from a pure product and parts manufacturer to become an assembly or pre-assembly, assembly and system provider as well.
The move by ACMA to join the global right-to-repair movement to express solidarity with other international likeminded associations across automotive nations for unshackling the aftermarket must be lauded too. Against this backdrop, in the ninth Anniversary Issue special of Auto Components India, key stakeholders at the helm of affairs of leading organisations, walking the talk, share with us how they hope to play their part and help the supplier community break the shackles. Our new ‘Social Impact’ series highlights initiatives that go beyond business to give back to the society.
In the short run, one also hopes for debt-based exposure, the latest volatility induced by the collapse of the US-based Silicon Valley Bank (SVB), Signature bank and concerns on Credit Suisse don’t snowball to India. Technology Investors are closely watching for cues from other lenders in a forced cleanup.
“In an ideal world, when a tier 1 supplier turns a solution provider it must elevate the status of an entire value chain.”