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ACMA Technology Summit -Transform to stay relevant

11/02/2019 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

The inauguration ceremony

The fourth edition of Technology Summit hosted by the Automotive Component Manufacturers Association of India (ACMA), on January 29 and 30 in Pune, turned out to be a grand success. 
With several technology disruptions including newer norms on emission, safety, and consumer trends towards connectivity, on the anvil, the auto component Industry needs to adapt and transform through systematic R&D, creation of new products and upgradation of skills, to stay relevant and competitive. It is in this context that the summit was themed ‘Indian Auto Component Industry – Transforming to stay competitive’.
Union Minister for Heavy Industries & Public Enterprises, Mr Anant Geete, was the Chief Guest at the summit while Mr. Thomas Flack, President & Chief Procurement Officer, Tata Motors Ltd., was the Guest of Honour. Among the other prominent dignitaries present at the summit were Mr Ram Venkatarmani, President, ACMA, Mr. Deepak Jain, Vice-President, ACMA, Mr. F R Singhvi, Chairman, ACMA Skilling & Mentoring and Mr. Vinnie Mehta, Director General, ACMA. 
Coinciding with the summit, the ACMA annual Awards, honouring excellence in auto component industry, were also conferred. 
The ACMA Technology Summit brought together national and international specialists in the field of Industry 4.0, Telematics, innovative technologies that are shaping the automotive environment of tomorrow. The summit witnessed incisive sessions on Industry 4.0, Electric Mobility, AI, Retrofitting Technologies, Renewable energy among others, addressed by distinguished industry luminaries that focussed on improving quality and adopting new technologies, keeping in mind the concern for environment and sustainability. 
Additionally, ACMA Awards were also given at the summit. This year there were 224 applicants of this 82 winners were awarded. The winners also shared their success stories at the Summit. The ACMA awards, since their inception in 1966, are today the most covetous in the automotive sector. 
Speaking on the occasion, Chief Guest Mr. Geete said, “While the Government is committed to introduce e-mobility in the country, the introduction would be gradual so as not to disrupt the current industry value chain”.
Commenting on industry transformation, Guest of Honour Mr Flack said, “The auto component industry must embrace the digital revolution to stay competitive and relevant; the time has come for the industry to graduate to Industry 4.0 for better predictability and addressing customer requirements.  To capitalize on the opportunity, companies will need to shift from their traditional “disconnected” and “analogue” manufacturing methods to connected and digitized ones”.
Commenting on the readiness of the value chain, ACMA President Mr Venkatarmani said, “While growth in the automotive industry is imminent, we however, need to ensure that the sector, especially our Tier-2 and Tier-3 are ready to harness newer opportunities. Tier-2s and 3s pose the single biggest challenge for us today and it is critical that they be upgraded to world-class levels of performance, especially on the front of quality, processes and delivery. Tier 1s will have to play the role of mentor and guide to this segment of the industry or else the entire value chain will collapse”.
The event culminated with a panel discussion on Digitization– Business Imperatives to drive efficiency in the supply chain.

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