THE auto component industry must embrace the digital revolution to stay competitive and relevant; the time has come for the industry to graduate to Industry 4.0 for better predictability and addressing customer requirements. To capitalise on the opportunity, companies will need to shift from their traditional ‘disconnected’ and ‘analogue’ manufacturing methods to connected and digitised ones, said Thomas Flack, president & chief procurement officer, TATA Motors Ltd while commenting on industry transformation.
He was speaking at the fourth edition of ACMA Technology Summit hosted by the Automotive Component Manufacturers Association of India (ACMA), the apex body of the Auto Component Industry in India, on January 29 and 30, 2019 in Pune. With several technology disruptions including newer norms on emission, safety, and consumer trends towards connectivity, on the anvil, the auto component Industry needs to adapt and transform through systematic R&D, the creation of new products and upgradation of skills, to stay relevant and competitive. It is in this context that the Summit was themed ‘Indian Auto Component Industry – Transforming to stay competitive’.
The summit was graced by eminent personalities including Anant Geete, union minister for heavy industries & public enterprises, Government of India, Thomas Flack, president & chief procurement officer, Tata Motors Ltd, Ram Venkatarmani, president, ACMA, Deepak Jain, vice president, ACMA, F R Singhvi, chairman, ACMA Skilling & Mentoring and Vinnie Mehta, director general, ACMA. Coinciding with the summit, the ACMA annual awards were conferred, honouring excellence in Auto Component industry.
The 4th ACMA Technology Summit brought together national and international specialists in the field of Industry 4.0, Telematics, innovative technologies that are shaping the automotive environment of tomorrow. The summit witnessed incisive sessions on Industry 4.0, Electric Mobility, AI, Retrofitting Technologies, Renewable energy among others, addressed by distinguished industry luminaries that focussed on improving quality and adopting new technologies, keeping in mind the concern for environment and sustainability. Additionally, ACMA Awards were also given at the Summit. This year there were 224 applicants, of this 82 winners were awarded. The winners of ACMA award also shared their success stories at the Summit.
The ACMA awards, since their inception in 1966 are today the most covetous in the automotive sector. The awards, which began as a means to recognise and motivate excellence in Automotive Component Manufacturers Association Of India manufacturing, have today 14 broad categories including excellence in Manufacturing, Exports performance, Technology, Quality & Productivity, HR, Health Safety & Environment, automation, digitisation, business growth, resource optimisation, to name a few. Several of these categories have been further curated to gives special focus to small and medium enterprises.
Speaking on the occasion, Anant Geete, minister for heavy industries & public enterprises, Government of India said, “While the government is committed to introducing e-mobility in the country, the introduction would be gradual so as not to disrupt the current industry value chain”.
Commenting on the readiness of the value chain, Ram Venkatarmani, president, ACMA said, “While growth in the automotive industry is imminent, we, however, need to ensure that the sector, especially our tier-2 and tier-3 are ready to harness newer opportunities. Tier-2s and 3s pose the single biggest challenge for us today and it is critical that they are upgraded to world-class levels of performance, especially on the front of quality, processes, and delivery. Tier 1s will have to play the role of mentor and guide to this segment of the industry or else the entire value chain will collapse”.
The event culminated with a panel discussion on Digitization– Business Imperatives to drive efficiency in the supply chain.