Akyapak
Akyapak

Do you want to advertise here? Contact us

LMW
LMW

Do you want to advertise here? Contact us

OEM Update
.

Auto Industry in a Consolidation and Restructuring phase

May 12, 2010 7:05 am

Auto Industry in a Consolidation and Restructuring phase
 
“The demand in developing economies is projected to outstrip that of the developed economies. It is expected that emerging economies will overtake triad markets to become the auto demand hub in the world in the next few years.”
 
While releasing the Strategy Paper on the Growth of Auto & Auto Component Exports, Dr. Rahul Khullar, Commerce Secretary, informed that the global automotive industry is in transition in many key markets and the consolidation and restructuring issues relating to regulatory compliance & risk management, climate change and other trends are creating significant transitional challenges and opportunities throughout the automotive value chain. He said that the Strategy paper gives a holistic analysis of both the global and Indian auto industry. The strategy paper was commissioned by EEPC India and carried out by Ernst & Young.
 
Dr. Khullar said there is a need to expand target market and added that in the light of the recession in the developed world and narrow focus of India’s Auto Vehicle exports, it is necessary to target newer markets where India has marginal penetration presence to accelerate the exports momentum and increase the exports in those countries. The Secretary also emphasized that India needs to enter into trade agreements with identified thrust markets. “The Strategy paper makes the point that success of past trade agreements has been limited due to the restrictive nature of PTAs that cover only a small cross section of goods rather than the FTAs/CECAs that other low cost competitors such as Mexico and Thailand have entered. The FTA with ASEAN, CEPA with Korea and CECA with Singapore are, therefore, steps in the right direction and need to be undertaken for all the identified thrust markets in the order of priority to enhance India’s trade”, he added.
 
The broad objectives of this Strategy Paper are as follows:
•      Understanding the issues and challenges facing Indian automotive exporters and recommending solutions
•      Identifying the opportunity arising for the Indian automotive industry
•      Identifying the major products and markets Indian exporters need to focus
•      Setting aspirations for the growth of Indian automotive exports over the next five years
•      Laying a strategic framework that the Indian automotive industry, EEPC INDIA and government bodies need to follow to achieve these aspirations.
 

Advertising

OEM Android App

Your future advertising space? Our media data

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags:
TruCut Precision Tools Pvt Ltd
TruCut Precision Tools Pvt Ltd

Do you want to advertise here? Contact us

Paid Webinar
Paid Webinar

Do you want to advertise here? Contact us

OEM Update QR Code
OEM Update QR Code

Events

amtex
amtex
Fastener Fair India
Fastener Fair India
Himtex 2024
Himtex 2024
Oil & Gas Digital Transformation Africa 2024
Oil & Gas Digital Transformation Africa 2024
Mototech24 Pune
Mototech24 Pune
Pharma India Expo
Pharma India Expo
World of Photonics India
World of Photonics India
IFFE Expo
IFFE Expo
India Essen Welding and Cutting Expo
India Essen Welding and Cutting Expo
Logimat India
Logimat India

eMagazine June 2024

eMagazine June 2024
eMagazine June 2024

Do you want to advertise here? Contact us

Our Sponsors

Bluestar
Bluestar
ELGI-banner
ELGI-banner
DIRAK
DIRAK
B&R Automation
BR Automation
Pragati Gears
Pragati Gears
Pilz India
Pilz India
Carl Zeiss India
Carl Zeiss India
STMCNC
STMPC
Nord
Nord
Fuji Electric India
Fuji Electric India
Maco-c
Maco-c
Andreas
Andreas
TEAL
TEAL
Vulcan Rubber
Vulcan Rubber
Fronius
Fronius
SCHMALZ
SCHMALZ
Sigma-Weild
Sigma-Weild
Inovance Technology
Inovance Technology
Mallcom
Mallcom
Caliber Valves
Caliber Valves
Delta Electric
Delta Electric
Jayashree Electrodevices
Jayashree Electrodevices
Kumbhojkar plastic moulders
Kumbhojkar plastic moulders
Libratherm instruments
Libratherm instruments
MACHbow Enterprise
MACHbow Enterprise
Igus India Pvt Ltd
Igus India Pvt Ltd
Rtex electronics
Rtex electronics
Vega India Level Ltd
Vega India Level Ltd
Sunlub Technologies
Sunlub Technologies
Thakoor Maschinen
Thakoor Maschinen
Timken India
Timken India
UNP Polyvalves India Pvt Ltd
UNP Polyvalves India Pvt Ltd
Wago Pvt Ltd
Wago Pvt Ltd
Dosatron
Dosatron
Super Slides
Super Slides
Mecc alte
Mecc alte
IMTMA- IMTEX 24
IMTMA- IMTEX 24
Ziehl Abegg
Ziehl Abegg
ACE Micromatic Group
ACE Micromatic Group
Fuel Instruments  Engineers
Fuel Instruments  Engineers
Hosabettu Heavy Machinery LLP
Hosabettu Heavy Machinery LLP
BLASTLINE INDIA
BLASTLINE INDIA
Chicago Pneumatic Tools
Chicago Pneumatic Tools
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
Yaskawa India
Yaskawa India
Mennekes
Mennekes
TruCut
TruCut
MARPOSS
MARPOSS
kta
kta
Jungheinrich
Jungheinrich