India’s macro-economic environment is expected to benefit from the growth of the middle classes, with GDP development expected to increase steadily going forward.
Indian auto sales are expected to reach 6.1 million by 2023. Auto exports are expected to increase significantly, with North America and Western Europe the largest destination markets. A number of established OEMs already use India as a production hub including Ford, Hyundai, Renault Nissan, Suzuki, GM and VW.
The automotive industry is evolving. The pressures experienced by suppliers are altering, to which manufacturing and supply chain strategies are compelled to adapt. Supply chain balancing is pivotal in maintaining stability within a rapidly evolving automotive SCM based around single-source driven strategies.
For nearly a decade, manufacturers and logistics service providers in India have anticipated that the eventual implementation of a Goods and Service Tax (GST) would open up opportunities for ‘hub-and-spoke’ distribution patterns, including more efficient transport to dealers and the use of more multimodal transport.
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