SIAM’s automotive sourcing conclave drives focus on resilient supply chains

The Automotive Sourcing Conclave, organized by the Society of Indian Automobile Manufacturers (SIAM), the apex body in the automotive industry, focused on the theme “Towards Building a Resilient Supply Chain” addressed crucial aspects of the supply chain, such as EV components, electronics, electricals, transmission systems, and metals, the conclave attracted active participation from esteemed speakers, including senior government officials, sourcing heads of automobile companies, and supply-chain experts.

The Guest of Honour, Hanif Qureshi, Joint Secretary at the Ministry of Heavy Industries, Government of India, emphasized the pivotal role of SIAM and ACMA’s collaboration with the government in shaping policies, particularly those revolving around localization—a key aspect of the government’s approach in the automotive industry. He highlighted the substantial potential for domestic value addition, stressing the need to promote growth in automotive components and research and development.

Anant Swarup, Joint Secretary at the Ministry of Heavy Industries and the Department of Commerce, Government of India, expressed the possibility of increased localization in the auto industry across original equipment manufacturers (OEMs). He inaugurated a digital showcase of Localization Opportunities for Vendors in the Indian Auto Sector.

Vinod Aggarwal, President of SIAM and CEO & MD of VE Commercial Vehicles Ltd., emphasized in his special address that the process of localization would significantly reduce costs, create more employment opportunities, and boost exports. He stated that the insights gained from the conclave would aid in formulating a robust action plan aligned with the government’s objectives.

Sunil Kakkar, Chairman of SIAM Aatmnirbhar Bharat Sourcing Group and Senior Executive Director at Maruti Suzuki India Ltd., set the tone for the conclave, stating that it is the opportune time for Indian Auto OEMs and manufacturers to invest and scale localization.

Special addresses were given by Mr. Vikrampati Singhania, Vice President, ACMA & MD & Director, J K Fenner India Ltd., and Mr. Sumanta Chaudhuri, Principal Advisor, International Trade Policy Division, CII, on the Impact of IPEF on Automotive Sourcing.

In the session focused on “Trends in Automotive Transmission,” Sachin Kulkarni, Co-Chairman SIAM Aatmnirbhar Bharat Sourcing Group and Senior Executive Director at Skoda Auto Volkswagen India Pvt. Ltd., highlighted the growing demand for automatic transmission in India. He called for collaboration between SIAM, ACMA, and the Indian Government to promote the localization of automatics, setting the stage for a deep dive into the dynamics shaping the automotive transmission landscape.

In the session on “Specialized Metals and Raw Materials for Auto Sector,” Badrish Sinha, Co-Chairman SIAM Aatmnirbhar Bharat Sourcing Group and Vice-President – Purchasing, VE Commercial Vehicles, emphasized the competence and efficiency of Indian steel mills to compete globally. He stressed the importance of reducing steel imports by working closely with steel mills.

During the session themed “Opportunities in EV Components, Electricals, and Electronics Supply Chain,” Veeraraghavan R, Co-Chairman SIAM Aatmnirbhar Bharat Sourcing Group and Senior Vice President – Strategic Sourcing, Mahindra & Mahindra, emphasized the critical need for industry localization, especially in the face of growing demand for electronics. Harendra Saksena, Chief Purchasing Officer, Ather Energy Private Ltd., highlighted the significant market potential for 2-wheelers in India and predicted a 60% adoption of EVs in this segment by 2030, creating substantial demand for electronics and electricals.

The session, moderated by Rahul Kapur, Partner, Grant Thornton Bharat LLP, featured active participation from panelists 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.

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