ACMA’s 57th Annual Session Focuses On ‘Future Of Mobility In India
Launched at the Annual Session, McKinsey’s revealed that ‘E-Mobility’ is already shaping the automotive industry around the world and in India. The transition will happen from ICE (Internal Combustion Engine) to Hybrid Vehicles to BEV (Battery Electric Vehicles)
Automotive Component Manufacturers Association of India (ACMA), the apex body of the Auto Component Industry in India, hosted its 57thAnnual Session & National Conference on 8 September, 2017.
ACMA’s Annual Session was addressed by senior government officials and eminent leaders from the automotive industry
ACMA’s study conducted by McKinsey & Co. themed “Future of E-mobilty” was released by the Chief Guest, Vishvajit Sahay, Joint Secretary, Department of Heavy Industries, Government of India along with other luminaries. The study reveals that globally, majority of experts believe that the auto industry will be disrupted with trends like shared mobility, autonomous driving, connectivity and electrification in our future vehicles. These trends will have a major impact on the value chain, resulting in market shift and revenue pools. The role of OEMs and suppliers will fade by 2030, leading to an emergence of new players, gaining a significant share of revenues and profits of the automotive industry. The driving force towards this change in mobility will be collaboration and innovation with auto suppliers.
On the occasion, Vishvajit Sahay, Joint Secretary, Department of Heavy Industries, Government of India, said, “The auto industry plays an important role in contributing to the country’s GDP where it contributes 7.1% and out of this auto component contributes 2.1% upwards. The Indian automotive industry is poised to change now. We need to view this change as an opening of new opportunities. For this the industry needs to be not only technology-ready, but also capacity-ready."
On the front of E-mobility Rattan Kapur, President, ACMA expresses optimism, “We at ACMA believe that while the future is electric, however the logical progression would be to move from IC-engines to hybrids and then to fully-battery based vehicles.”
Commenting on the future of mobility, Dr. Abhay Firodia, President SIAM & Chairman Force Motors said, “Today, we stand facing a massive technological transformation, which is coming our way. This leap towards E-Mobility is bound to happen sooner or later, the correct way to do it would be a gradual transition.”
In her keynote address, Shobana Kamineni, President CII & Executive Vice Chairperson, Apollo Hospitals said “The automotive sector is being disrupted not only by technologies and platforms but also business models that are redefining mobility. The 3Cs – collaboration, cooperation and creativity present many opportunities for ACMA and CII to work together to influence mobility as we know it.”
R.C. Bhargava, Chairman, Maruti Suzuki India Ltd, emphasised, “As the vehicle population is increasing, the need to import the crude oil is also increasing. It is in our government’s long term interest to accept Electric Mobility as an alternate means of transport and we as an industry need to acknowledge the challenge to make it happen.”
Launched at the Annual Session, McKinsey’s revealed that ‘E-Mobility’ is already shaping the automotive industry around the world and in India. The transition will happen from ICE (Internal Combustion Engine) to Hybrid Vehicles to BEV (Battery Electric Vehicles). This trend is more visible in 2 wheelers, 3 wheelers and Passenger Vehicles, however Commercial vehicles, tractors and MHCVs will take longer for the transition.