Considering the growing call for ‘Make in India’ components, Original Equipment Manufacturers (OEMs) both Indian and International are consciously sourcing a major chunk from Indian-tier suppliers today. However, despite having numerous procurement options today, bottlenecks persists in the supply chain. The Society of Indian Automobile Manufacturers (SIAM), the apex body of the automobile industry, has been active on the front. For instance, at the Automotive Sourcing Conclave under the theme ‘Towards Building a Resilient Supply Chain’ late last year, the apex body set the foundation for future actions. These will begin to reap rich dividends as 2024 progresses. Namely, ensuring smooth supply of auto components for hi-end cars, commercial vehicles, high duty commercial vehicles, electric vehicles including two-wheelers, passenger cars, and commercial vehicles both light and heavy-duty, electric buses and so on. Considering the magnificent transformation Indian road automotive industry is undergoing such conclaves act as torch bearers.
Critical components
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