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FISME successfully organises “Profit from Knowledge – Auto Sector” event
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FISME in collaboration with the Small and Medium Enterprises Rating Agency (SMERA), a leader in MSME credit and performance ratings, organized the ‘Profit from Knowledge Series- Auto Sector’ to bring auto majors and MSME supply chain face to face. At the event SMERA also announced commencement of ‘Green Rating’. During the course of the event, Ashwani Muppasani, Vice-President, Global Purchasing and Supply Chain of General Motors India said his company has decided to source as much as 95% of components from local manufacturers for some of its newer models while doubling its production from 1,50,000 vehicles now to 300,000 vehicles by 2014.
He said “GM is focusing on domestic component manufacturers particularly SMEs and the percentage of locally sourced parts and components in new vehicles can be as high as 95%.” However, the would-be suppliers would have to conform to global quality and performance standards and be TS certified, he cautioned. |
Echoing the buoyant sentiments, General Manager (Supply Chain) of India’s largest auto maker Maruti Suzuki, Sunil Kakkar, highlighted the promising demographic profile of India and said that there was no country other than India which would witness sustained high growth in the auto sector.
According to him, the biggest challenge before auto component manufacturers is to balance continuous cost reduction, comply with more and more stringent safety standards and yet create a ‘wow’ experience for buyers with innovations.
Thanks to the efforts of FISME joint secretary V.N. Sastry, joint secretary Mukesh Kalra and their team this event too was a great success. Click here to read media reports on the event. Click here to read FISME’s press release after the event.
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