The Society of Indian Automobile Manufacturers (SIAM), organized its 59th Annual Convention last week titled “Moving into A New Era of Auto Industry”.During the convention, the speakers highlighted how innovation, technological breakthroughs and automation are set to change the future of mobility globally. They deliberated on viable pathways which will lay the ground work for future mobility and smart manufacturing.
Talking about the future of mobility, John Moavenzadeh, Executive Director – Urban Mobility Professional Education, Massachusetts Institute of Technology, Senior Advisor, Deloitte & Founder and Managing Partner, Mobility Nexus LLC, stated, “Digitization and new business model would shift mobility focus from products to service. Consumer behaviour today has shifted from vehicle ownership to pay-per-use models. Shared mobility will dominate the future, while traditional mobility will continue to remain relevant.” He also said “In the future, mobility will get more integrated– with data at the core of mobility integration powering by mobility data and advanced technologies.”
Vinod Aggarwal, Treasurer, SIAM and MD & CEO, VE Commercial Vehicles Ltd, highlighted that the Automobile Mission Plan aimed to propel the auto industry as the primary engine of growth for the ‘Make in India’ program. He also said that in Indian context CASE can have a different connotation which is Clean, Affordable, Safe and Efficient.
Rahul Jain, MD & Senior Partner, The Boston Consulting Group, drew a comparison between global perspectives and Indian context saying that current challenges will lead to increased partnerships across government, infrastructure and overall industry.
Gurpratap Boparai, MD, Volkswagen India & Skoda Auto India opened the floor for discussions around Industry 4.0 by mentioning that this revolution would help bring smart manufacturing. However there has to be a roadmap which will allow a smooth transition.