IGI Logo

Society of Indian Automobile Manufacturers (SIAM) President Kenichi Ayukawa has said that the Indian automobile industry aims to be among the top two producers globally in every segment of vehicles over next 25 years. He said India also plans to be nearly 100 per cent self-reliant in the entire manufacturing value chain of automobiles during the period as per the Vision 2047.

Besides, Ayukawa said the industry aims to have a dominant share of clean energy vehicles on a life-cycle basis in the next 25 years. This means a significant share of all feasible technologies including battery electric, ethanol, flex fuel, CNG, bio-CNG, hybrid electric and hydrogen.  He said that to achieve such ambitious targets the industry would require some key enablers like having single-minded pursuit of competitiveness and second is ease of doing business. He also stated that a long-term regulatory roadmap can be helpful in better planning of investments, technologies and product development. The industry would also have to focus on developing enabling technologies and new energy infrastructure.

Similarly, SIAM President said ‘we have to increase the traction on other frontiers like safety, telematics, infotainment, customer convenient features, etc...also the industry has to ensure the right skilling and re-skilling to make our manpower future ready’. Elaborating on the current market scenario, he noted that the domestic automobile industry has been going through a long-term, deep structural slowdown, even before the pandemic started.