From being a small, fragmented industry that supplied only to domestic market, to being one of the competitive suppliers around the globe, the Indian automotive components industry has scaled ever new heights of development. It is not just bulk supply all around the world that mark the Indian industry; high quality auto components that require considerable sophistication are also manufactured in the country for established auto manufacturers like Ford, Honda, Suzuki and many others.
ACMA was formed to promote the Indian auto component industry. Its scope of functions include, promotion of trade, encouraging industries for upgrading technology by making the latest tech available, strive for improving the quality of products, gather information and distribute it to the members, etc.
ACMA has identified several areas of concern in the pathway of auto component companies in India:
- Any industry depends on sufficient infrastructure for its success. The industry needs to upgrade its infrastructure to successfully meet the future demands.
- Although India has one of the largest pool of skilled manpower, the number of talented person in auto component sector is lesser than the demand. Quality institutions need to be set up to increase the pool of available manpower and also to conduct research.
- Most of the industries at present are small or medium scale. These industries should be scaled up to improve production and efficiency.
- Access to better technology
- One of the major strength of Indian auto component industry is its edge in cost competition. Efforts must be made to maintain this edge to encourage companies to purchase Indian auto component.
Trade policy needs to be constantly revised according to changing global situations.
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