{"id":235148,"date":"2021-08-25T13:42:31","date_gmt":"2021-08-25T13:42:31","guid":{"rendered":"http:\/\/151.106.38.4\/2021\/08\/25\/auto-industry-s-long-term-growth-slides-drastically-siam-president\/"},"modified":"2021-08-25T13:42:31","modified_gmt":"2021-08-25T13:42:31","slug":"auto-industry-s-long-term-growth-slides-drastically-siam-president","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2021\/08\/25\/auto-industry-s-long-term-growth-slides-drastically-siam-president\/","title":{"rendered":"Auto industry\u2019s long-term growth slides drastically: SIAM President"},"content":{"rendered":"

<\/p>\n

Automobile sector’s long-term growth rate has come down drastically in the past 5 to 10 years even before Covid started in India, said SIAM President and Maruti Suzuki Managing Director & CEO Kenichi Ayukawa on Wednesday.<\/p>\n

Speaking at the 61st SIAM Annual Convention, Ayukawa highlighted: “And, Covid has further caused negative growth for the industry. It has pushed industry volume back by many years,” Ayukawa said at the Special Plenary Session.<\/p>\n

Besides, he cited that the industry is facing many immediate and medium-term challenges.<\/p>\n

Ayukawa said the immediate short-term concerns for the industry were pandemic related uncertainties, global shortage of semiconductors and rising commodity prices amongst others.<\/p>\n

“To overcome these challenges and bring back industry on the track of growth, focused action is required through some key enablers.”<\/p>\n

Furthermore, he pointed out enablers such as making industry move further towards ‘Atmanirbhar Bharat’ vision via increased localisation.<\/p>\n

Regarding the same, Ayukawa pointed out that SIAM and ACMA have together worked out a ‘Localisation Roadmap’ with a target of about 15-20 per cent further localisation in next 2 to 5 years.<\/p>\n

Additionally, he said that SIAM has prepared an approach paper for a long term regulatory roadmap that takes care of all aspects and gives clarity on future investments.<\/p>\n

In addition, Ayukawa informed the convention that the automobile industry is working towards new powertrain technologies.<\/p>\n

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Auto industry\u2019s long-term growth slides drastically: SIAM President<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-235148","post","type-post","status-publish","format-standard","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/235148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=235148"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/235148\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=235148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=235148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=235148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}