Perpetual Motion
Manufacturing Today|March 2021
FOR MUCH OF THE 20TH CENTURY, CARMAKING WAS THE “INDUSTRY OF INDUSTRIES”. NOW IT IS REINVENTING ITSELF
JAYASHREE KINI MENDES & MOLLY R
Perpetual Motion

IN RICH COUNTRIES, THE AUTOMOTIVE industry contributes nearly 10% to the GDP; in India it’s around 8%. But today, in spite of the car industry being one of the largest in the world, investors are pessimistic. As a guesstimate, the industry is sitting on $1.3 trillion worth of legacy investments in factories that rely on a technology that ought to become obsolete—the internal-combustion engine. Now, with car sales collapsing, a dinosaur business that employs 10 million people directly faces a moment of truth. Long synonymous with hubris and the inept allocation of capital, it needs to look to the future.

Much of the focus today is on the electric vehicle. There’s a desperate race to launch and do better than the next guy. However, carmakers also continue to invest in ensuring that the petrol and diesel cars are state-of-the-art and some with some mean gadgets. In the bargain, they are also hunting for the best minds who can inspire them to do better.

ALL THINGS INDIAN

All carmakers are sure of one thing. Investments in technology, backend integration, manufacturing excellence are necessary if India is to become a global manufacturing hub.

SS Kim, MD & CEO, Hyundai Motor India, is bullish on the long-term growth prospects of the Indian auto industry. “We are focusing on aspects like electrification, connected features and autonomous technology as part of our future product strategy. With over $4 billion investments so far in India alone, we are looking closely at digitisation across verticals and focus on mobility services to push growth.”

Bu hikaye Manufacturing Today dergisinin March 2021 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Manufacturing Today dergisinin March 2021 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MANUFACTURING TODAY DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Optimising milling operations
Manufacturing Today

Optimising milling operations

Exploring innovative strategies that are reshaping the milling landscape to meet the challenges of a competitive global market.

time-read
3 dak  |
Decemeber 2024
The path to excellence
Manufacturing Today

The path to excellence

Tata AutoComp’s Double Deming triumph is testament to quality and innovation

time-read
5 dak  |
Decemeber 2024
Boosting India's energy efficiency with advanced low voltage motors
Manufacturing Today

Boosting India's energy efficiency with advanced low voltage motors

Stefan Floeck, Division President of IEC Low Voltage Motors at ABB Motion, discusses the role of low voltage motors in India’s industrial future.

time-read
5 dak  |
Decemeber 2024
The Tech of E-commerce
Manufacturing Today

The Tech of E-commerce

Technology is revolutionising e-commerce by enhancing demand forecasting, inventory management, and customer experiences through AI, blockchain, IoT, and real-time data analytics.

time-read
5 dak  |
Decemeber 2024
Driving Sustainability and Innovation
Manufacturing Today

Driving Sustainability and Innovation

A conversation with Rajendra B Chunodkar, President Manufacturing Operations, Lupin

time-read
5 dak  |
Decemeber 2024
The evolution of machining technologies
Manufacturing Today

The evolution of machining technologies

The evolution of machining technologies is reshaping the manufacturing landscape, offering unprecedented opportunities for efficiency, precision, and sustainability.

time-read
5 dak  |
Decemeber 2024
Transforming the future of manufacturing technology
Manufacturing Today

Transforming the future of manufacturing technology

A pre-event report on IMTEX 2025: The premier manufacturing and metal cutting technologies event for

time-read
9 dak  |
Decemeber 2024
THE MAKE IN INDIA JOURNEY
Manufacturing Today

THE MAKE IN INDIA JOURNEY

An analysis of the initiative's impact on the manufacturing sector.

time-read
9 dak  |
Decemeber 2024
Tata Motors Re.Wi.Re: Innovation meets responsibility
Manufacturing Today

Tata Motors Re.Wi.Re: Innovation meets responsibility

Tata Motors advances circular economy via Re.Wi.Re scrapping facility.

time-read
1 min  |
Decemeber 2024
After Apple, Google Pixel set to be manufactured in India
Manufacturing Today

After Apple, Google Pixel set to be manufactured in India

Dixon Technologies' alliance with Compal Electronics is poised to further accelerate India's push to become a global hub for smartphone manufacturing.

time-read
2 dak  |
Decemeber 2024