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Is 'Lean' getting 'Mean' for auto?
Yes, of course, and we mean that quite literally. The COVID pandemic has opened doors for auto makers to streamline their supply chains and ready themselves for future mobility to become both, leaner and meaner. The automotive industry is in a transitional phase towards electric mobility and industry experts believe that this is an apt time to review, reflect and redefine supply chain strategies, and get a leaner approach across the product development cycles. They believe that cost and opera...
Owing to the severe impact on the overall sales of automobiles in India, following the spread of Covid-19 pandemic, the Indian automotive sector is pinning its hopes on the long-awaited Vehicle Scrappage Policy to spur the growth of the sector. While the policy is expected to be before the Union Cabinet for approval, industry experts believe that the benefits of the policy can only be achieved by incentivizing purchase of new vehicles in exchange for scrapping older ones. However, despit...
Industry mulls deep localisation to reduce dependency on China
The ongoing standoff between India and China and the subsequent sentiment towards boycotting Chinese products is expected to provide further fillip to Prime Minister’s Narendra Modi’s campaign for an #Atmanirbhar, (Self-reliant) India. Joining the bandwagon is the Indian automobile components industry – a significant importer of Chinese products, it is now looking at strategies to reduce its dependency by localizing products. According to Automotive Component Manufa...
Vehicle recycling centers await clarity on scrappage policy
By 2025, the number of end-of-life vehicles (ELVs) is expected to increase by a whopping 250 percent and is touted to be over 21.8 million from 8.7 million ELVs that were reported in 2015. Despite a constant rise in these numbers, India, currently lacks presence of formal vehicle recycling centers, and continues to be completely dependent on smaller, semi-formal units that are known to deploy unhealthy methods of dismantling and recycling of vehicles. As the number of ELVs is expected to incr...
