Manufacturing Today – July 2019

JULY 2019 | Manufacturing Today http://www.manufacturingtodayindia.com

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AUTO COMPONENTS

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internal combustion engines to EVs as proposed by

GOI will follow a linear trajectory, with a surge only

expected in the 2025-2030 timeframe.”

He feels that considering that the auto industry is an

investment-, research-heavy industry, vehicle manu-

facturers and OEMs should be indicated well in ad-

vance of possible policy changes. “The government

should promote investments in R&D, especially in the

fields of battery technology, alternative fuels that are

suit the Indian requirements. A closer collaboration

between policy makers, industry bodies, OEMs and

other stakeholders would also be beneficial to making

progress in this division,” adds Doreswamy.

According to a report by E&Y, from the perspec-

tive of component suppliers, large players are likely

to adapt to the dramatic changes, however, small

firms could be hit the hardest by this disruption, said

the report titled 'Electrifying India: Building blocks

for a sustainable EV ecosystem'. It also pointed out

the urgent need for investment in domestic R&D and

manufacturing capabilities to address the issue of

absence of an EV supply chain in the country. "The

growth of EVs will lead to profound changes in the

automotive value chain, including technology, manu-

facturing systems, ownership models, distribution

and aftermarket support," said the report.

WORKING OUT A WAY

Component makers are also expected to quickly

come up with new products that are sustainable and

EV friendly. Akshay Deep, plant head, Gabriel In-

dia, says, “The automotive industry sees continuous

volatility in demand. We regularly report to our head-

quarters and offer feedback on what freshness can

be brought into the components. Then there’s the

2. A large number
   of auto components
   makers are required to
   invest to bring out EVs.

2

INDUSTRY HEADS

SAY THAT PUBLIC

TRANSPORT WILL

HAVE THE GREATEST

OPPORTUNITY, AS

THESE VEHICLES RUN

LARGER NUMBER OF

“In terms of an electric PEOPLE.

vehicle, it is relatively

simpler to build with only

20 moving parts against

around 2,000 in an ICE

(internal combustion

engine) vehicle.”

• Akshay Deep