Dr Pawan Goenka, MD, Mahindra & Mahindra posed some key questions and highlighted the deeper need for quality consciousness.
05 Sep 2020 | 7393 Views | By Sumana Sarkar
Dr Pawan Goenka, the dynamic true-blue engineer and managing director of Mahindra & Mahindra, has been known for his clear outlook and point of view. Every year, as he is seen to do at both the SIAM and ACMA annual conclaves, Dr Goenka delivers his mantras for industry growth. This ...
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Dr Pawan Goenka, the dynamic true-blue engineer and managing director of Mahindra & Mahindra, has been known for his clear outlook and point of view. Every year, as he is seen to do at both the SIAM and ACMA annual conclaves, Dr Goenka delivers his mantras for industry growth. This year was no different, albeit he posed five key questions for the Indian component industry.
As manufacturing value chains realignto the changing dynamics, these questions highlight the deeper need for quality consciousness at the component level. While the primary focus of the ACMA Convention was on shaping the new normal for the component industry, the need to conform to certain global standards in terms of quality and competitiveness stood out as a key factor to introspect on.
Helping the component industry identify potential pockets for localisation, Dr Goenka pointed out that, “Tools and dyes are an area that Indian manufacturers can localise in a big way and quite easily. Given the global supply chain disruption, it is almost a god-sent opportunity for Indian auto makers.”
Dr Goenka believes that, “Deeper the crisis that Covid is, bigger the opportunity.” While he applauded the industry and ACMA members on the smooth and speedy transition to BS VI and also seamless reopening after the lockdown, he emphasised on the need for “greater digitisation and lower need for supervision, which are some of the key aspects of the new normal for the auto industry in a post-Covid world. Production assessment and cost efficiency are some of the key advantages of the new normal in place.”
In this context, Dr Goenka posed some key questions that auto component manufacturers need to delve on-
He urged the industry and all stakeholders to prepare for the new phase and signed off by saying, “The time has come to redefine the new normal that will chart the growth path for the automotive component manufacturers going forward.”