CNBC-TV18 discuss prospects of the Indian Auto Component Industry in ‘Auto Evolution 2005’

Mumbai, August 29, 2005: CNBC-TV18 together with Talbros Automotive Components Ltd. today presented ‘Auto Evolution 2005’ in Mumbai focusing on the topic - ‘Can Indian Auto Component Companies become integrated systems suppliers?’

Renowned experts and top names in the Auto Sector, as well as senior

government officials like Vidur Talwar, JMD, Talbros

Automotive Components Ltd., Rohan Pusalkar, ED, Indo-

Schottle, Dr. V Sumantran, ED, Tata Motors, Dr. Albert

Hieronimus, MD, MICO, TK Balaji, MD, Lucas-TVS & Delphi-TVS, Trilochan Singh Sahney, CMD, NRB Bearings and Hemant Luthra, Head, M-Sat (M&M's component business) participated in the ‘Auto Evolution 2005’ forum. The scope of Indian companies transforming themselves to truly global players, the role of the government in further accelerating this process and the possibility of specialized manufacturing in this sector was the focus of the discussion.

India’s reputation has grown drastically as a global manufacturing base in the auto component industry. The domestic industry is in the process of aggressive capacity expansion, primarily to cater to the export markets. The improvement in trade relations makes it an opportune time for the country to scale up the industry's fortunes to the next level.

However, a key challenge for Indian auto component manufacturers is to diversify their product base and in the process comprehensively cover the entire automotive manufacturing process.

‘Auto Evolution 2005’ assessed whether true integration is possible for the fragmented Indian market, or if specialized manufacturing can be the future of this sector. Some of the panelists opined that India was narrowing down to the needs of the country rather than becoming system integrated suppliers to the world at large. The panelists also believed that it was possible to achieve global standards by using what is locally available at a smaller - manageable scale and at a good cost.

According to Dr. Albert Hieronimus, “Since the Indian market has narrowed down its focus, it has now reached the world class level. Indians have the advantage of having a huge pool of talent and producing auto components at a lower cost and higher quality, thus achieving global standards.” Dr. V Sumantran however felt that the Indian Auto Industry compared to its counterparts abroad was still lagging behind in terms of cutting edge, cutting costs, and hence require to take this on as a challenge in order to attain truly global standards.

About CNBC-TV18:

CNBC-TVI8 is India's No.1 business medium. CNBC Asia Pacific holds a strategic equity stake in the Indian registered broadcaster; Television 18. CNBC-TV18 is the undisputed leader in the business. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. CNBC-TV18 is currently available in over 26 million households in India.

For further information contact:

Janice Goveas/ Lorraine Correa

Hanmer & Partners

56335969/ 55524600

Latest Reads
Maha Cartoon targets 65 per cent rural HSM via DD FreeDish, 2000 LCOs

Who can forget the Charlie Chaplin show which entertained the world audience of all ages. Maha Cartoon, the first free-to-air (FTA) Hindi cartoon channel targeted at the Hindi-speaking markets (HSM), will be launched on India's largest DTH platform DD FreeDish on 1 November. The new Maha Cartoon...

Television TV Channels Kids
Vikram Chandra steps down; KVL Narayan Rao is new NDTV group CEO

The rumours that were making rounds of Vikram Chandra quitting NDTV have now been put to rest.

Television TV Channels People
Naagin helps Colors capture top position this week: BARC

Backed by Naagin Season 2, Colors was almost close to Star Plus to get the number one position, but, this week, Colors went few steps ahead and grabbed the leadership position and replaced Star Plus in week 42. Even in Urban GECs market, Colors toppled Star and took over the number one position.

Television TV Channels Viewership
SPN India to broadcast Barclays ATP World Tour finals

Sony Pictures Networks India (SPN) will exclusively broadcast the upcoming ATP events in the month of November. The ATP 1000 Paris Masters will be aired live on Sony ESPN channels and will be streamed live on SonyLIV app and website. The ATP 1000 Paris Masters in Paris will begin on 31 October.

Television TV Channels Sports
Hunt for Zee Business head continues

MUMBAI: Zee Business, an arm of Zee Media Corporation, has seen several transitions in its management this year. The channel was initially headed by Amish Devgan, who decided to move away after serving for 14 years. It was then led by Zee Media Corporation’s then CEO for content Samir Ahluwalia,who...

Television TV Channels People
'King' content will take over monopolistic media entities, says Arnab Goswami

NEW DELHI: The future of news lies in breaking away from the interdependence of politicians and the media on each other.

Television TV Channels News Broadcasting
Animated 'Ramayana' a global Diwali gift on web, mobile

NEW DELHI: Thirty episodes of the animated series Ramayana will be available around the world on the nexGTv web and mobile platforms during Diwali.

Television TV Shows Animation
Sports Minister lauds b'casters, other stakeholders in promoting sports

NEW DELHI: India’s Sports Minister Vijay Goel said on Wednesday that digital media broadcasting will play a critical role in bringing about change in sports broadcasting in India but broadcasters must also focus on how sports as a product is delivered to audiences in rural areas so as to popularise...

Television TV Channels Sports
Know your karma on IBN7 with 'Karm Path'

In an attempt to give its viewers a refreshing start of the day, IBN7 is launching a new show titled Karm Path. Starting 27 October, the show will predict what the day holds. The show is a differentiator in its own genre as it connotes the supremacy of deeds over destiny.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories