SIAM hosts 18th Lecture on Future of Automotive Aftermarket Parts in India
#SIAM #ACMA #AutomotiveAftermarketParts #VocalForLocal #SaferMobility #CurbCounterfeit #AftermarketProductsFocusing on ‘Vocal for Local’ and ‘Curb Counterfeit for Safer Mobility’
November 2021: The Society of Indian Automobile Manufacturers (SIAM) had recently organized the 18th lecture on ‘Future of Automotive Aftermarket Parts in India’. Considering National priorities on Atmanirbharta, Digitalization and making of Quality and safer products for customers, SIAM focusses on aftermarket products and services to bring about a 360 degrees evaluation of needs, challenges and possibilities around the following aspects:
1. Quintessential Quality,
2. Curb Counterfeit,
3. Vocal for Local,
4. Simplify Supply-Chain,
5. Amplify Access,
6. Evaluate E-Commerce.
Basis the above mentioned pillars, two important aspects i.e. vocal for local and curbing counterfeit have been identified for deliberation. The lecture was graced by key industry players, industry members, market research bodies, and distinguished representatives from the media.
The lecture comprised of two sessions, the first being ‘Vocal for Local’ with the theme ‘Leveraging Aftermarket and Auto Component PLI’ with theme presentation by Saurabh Agarwal, Partner, E&Y. The session panel discussion was moderated by Yashpal Sachar, Chairman, SIAM Aftermarket Parts Group & General Manager, Honda Cars India and featured eminent speakers, Ramashankar Pandey, Chair, ACMA after Market Committee & MD, Hella India Lighting; Mustafa Wajid, E-mobility and Charging Infrastructure, IEEMA; Saurabh Kapoor, Managing Director, JSG Innotech. Prashant K Banerjee, Executive Director, SIAM hosted the 1st Session.
Localization in the context of aftermarket opportunities and challenges including ease of business were some of the fresh perspectives discussed in the session.
The 2nd session delved on safer mobility and challenges around counterfeiting from a fresh perspective of deploying new age technology, themed upon ‘Adopting New Age Technologies like IoT, AI & ML.’
Speaking about the lecture, Prashant K Banerjee, Executive Director, SIAM said, “Aftermarket issues are often less discussed despite knowing the fact that customer satisfaction viewpoint, safer, affordable & quality products and services are of paramount importance. In order to deliberate customer centric aftermarket issues, involving all stakeholders, SIAM intends provide a discussion platform wherein opportunities and challenges in the aftermarket sector to bring safer and delightful mobility experience to the society and masses at large”.
To take this journey forward, SIAM would continue to engage with the stakeholders bringing aftermarket issues and solutions to the forefront with mobility evolving as service.
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