- Solidify India manufacturers’ foothold in the top third of vehicle and parts production.
- Raise output of the automotive sector from 7.1% of India’s GDP in 2016 to a target of 12% by 2026.
- Generate 65M new jobs.
- Develop affordable, eco-friendly vehicles, as well as public transportation options.
- Export as much as 45% of manufactured vehicles and parts.
- Establishing India as a major export hub of the world’s automotive industries.
Automotive Electronics: Is India a Sleeping Giant?
Syrma’s CEO, Sreeram Srinivasan, was invited to deliver the welcome address at the Confederation of India Industry (CII) 3rd Edition Conference on Automotive Electronics held on December 7th. Attended by notable leaders of the Indian electronics community, this one-day forum spotlighted the nation’s expanding role among global automotive industries. Srinivasan noted the automotive sector’s substantial role within what’s already been termed the 4th industrial revolution, or Industry 4.0, the game-changing impact of smart technology upon next-generation products and manufacturing.  He cited the words of General Motors CEO Mary Barra, who predicts the next 5-10 years will bring more change to the auto industry than it’s seen over the previous 50, with advanced electronics driving the transformation. Anyone who’s done any recent car shopping knows where technology is delivering quantum-leap innovations. The newest models of smart vehicles are literally computers on wheels, packed with modern advances, from on-board diagnostics to safety features such as adaptive cruise control and automated parking assistance. Additional features include ambient lighting, built-in Wi-Fi, touchscreens, and voice controls. Electronics represented less than 5% of a new car’s value in 1980; it’s expected to exceed 35%, over a third, by 2020. This increase translates into a projected 50% rise in profits for global automotive OEMs over the same timeframe.  India, The Detroit of Asia India plays a leading role in the automotive sector in Asia, with a major concentration of name-brand OEMs in the Tamil Nadu automotive corridor, producing tires, parts, and finished vehicles. Yet, Srinivasan pointed out a troubling paradox, as electronics become increasingly important in automobiles, an estimated 65-70% of electronic materials and subcomponents are currently imported into India from China and Taiwan. Most of these parts arrive in CKD (completely knocked down) form, imported materials to be assembled into finished units in India. This reliance on imports is attributed to a perceived lack of infrastructure for automotive parts, development, and manufacture within India itself. The Government of India is trying to correct these parts/manufacturing imbalances through its ambitious Automobile Mission Plan, 2016-2026, released in conjunction with the broader Make in India initiative. Objectives of AMP 2016 over the next decade include: