Kavan Mukhtiyar,

Partner and Leader of Automotive at PwC India caught everyone’s attention when he addressed the headwinds for the automotive industry. He touched upon uncertain economic growth, climate change, and the ability to manage volatility as the biggest differentiating factor. Mukhtiyar cited the best practices for the industry to follow in order to ensure a sustainable approach in these volatile times.

On ‘SAFENET’, a new term coined for navigating volatility, he stated the below:

1. S-Strong - be ready with inventory and supplies, and strong enough to bear shocks

2. A- Agile - quickly respond to any situation promptly

3. F-Flexible - scale up or down products flexibly

4. N-Networked having a widespread of touch points

5. E- Enthusiastic - be passionate and resourceful enough even with limited resources

6. T-Technologically enabled - invest more in IT and operating technology