A drive through supply chain challenges in Automobile industry | OEM Update | Industry Speaks
August 21, 2021 3:01 pm
The Indian automotive industry (including component manufacturing) is expected to reach Rs 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. In the space of the last two quarters, the Indian automotive industry has witnessed a V-shaped recovery, quite different from previous recoveries which were spread over two to three years.
Automotive is one of the core industries of the Indian economy. Indian automotive sector had faced numerous challenges, especially during the corona-virus period. In the short term, automotive companies like those in other industries fear the unforeseen effects of the second wave of Covid-19. The industry will require government help in the form of reforms and incentives.
With this agenda, OEM Update recently hosted an online interaction on “A drive through supply chain challenges in Automobile industry”, on 29th June. During this 90-minutes session, leaders from the automobile industry will discuss curvy growth of Indian automobile sector. Further, we will look into the opportunities and challenges over the PLI Scheme, volatile fuel prices and the employment opportunities.
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Mr. Anmol Ukey, Vitesco Technologies
Mr. Inderpreet Singh, Addverb Technologies
Mr. T K Ramesh, Micromatic Machine Tools Pvt. Ltd.