The Indian auto industry, once a bastion of stable production cycles, is now experiencing a paradigm shift. Increasing market competition, global geopolitical uncertainties, rapid technological advancements, and stringent regulatory requirements have accelerated the pace of change. In recent years, several factors have pushed Indian manufacturers to rethink their approach. Rising competition leading to increased consumer expectations, the opening of global markets, growing technological innovations, stricter environmental regulations, and increasing demand for Electric Vehicles (EVs) and hybrid technologies are all driving the need for greater flexibility and adaptability in the manufacturing processes. This leads to introduction of a wide variety of products, lower delivery time, shorter production batches, shorter product lifespan, shortened new product development cycles and a need for adoptive and high-skilled manpower. To remain competitive, manufacturers must change their manufacturing approach by not just upgrading the product quality and manufacturing efficiency but also adapting to the changing situations by embracing technological advancements, flexible manufacturing assets, multiskilling, and a focus on sustainability.
Technological Advancement as a Key Driver
Technological innovation has always driven manufacturing progress, but today’s advancements, particularly in the automotive sector, are reshaping the entire production landscape. The integration of EVs, hybrid technologies, and connected systems demands a radical overhaul of conventional manufacturing processes. For Indian manufacturers, this has been particularly challenging, as traditional Internal Combustion Engine (ICE) vehicles still dominate the market.
This story is from the October 2024 edition of EM - Efficient Manufacturing.
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This story is from the October 2024 edition of EM - Efficient Manufacturing.
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