Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Maruti Suzuki Asks Auto Component Industry to Produce Electronics, Key Parts in India to Cut Imports

Speaking at the ACMA annual convention, MSI CEO Kenichi Ayukawa said that local manufacturing of imported components would help the Indian automobile sector and the Make-in-India initiative.

PTI

Updated:September 7, 2019, 4:04 PM IST
facebookTwitterskypewhatsapp
Maruti Suzuki India
File photo of the corporate office of Maruti Suzuki India Limited, New Delhi. (Image: Reuters)
Loading...

The country's largest carmaker Maruti Suzuki India on Friday asked the components makers to start manufacturing vehicle electronics and certain key parts in India in order to cut imports of such articles. The local manufacturing of such parts would not only help Maruti Suzuki India (MSI), but also support the government's Make in India initiative, MSI MD and CEO Kenichi Ayukawa said while speaking at the ACMA annual convention here. "I have a challenge and an invitation to offer to you (components industry). The MSI car is over 90 per cent local, component-wise. But some key parts and electronics are areas where we still need to import. But we want to Make-in-India," Ayukawa said.

If anybody can make electronic components and some key parts in India with quality and reliability, it will not only help MSI, but the entire Indian automobile industry, he added. Ayukawa said the best opportunity to win in the future lies in developing in-house research and development (R&D) capability. "If India has to be competitive in the world of tomorrow, my message is - start developing in-house R&D capability... (which) is a very long drawn process and the results come slowly. We have to be patient and stay committed," he added.

On government policy, Ayukawa said that if the government sets targets on the end-goals and allows freedom to the industry players to choose the technology, it would be best suited to achieve the end-goals. "Such technology-agnostic approach will give the freedom of technology-choice, while keeping focus on the target," he added. Ayukawa also emphasised on the virtues of quality manufacturing of auto components.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Chhavianshika Singh
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results