India aims to be among top two global producers in all auto segments: SIAM president Kenichi Ayukawa

Kenichi Ayukawa said India also plans to be nearly 100% self-reliant in the entire manufacturing value chain of automobiles during the period as per the Vision 2047.

The Indian automobile industry aims to be among the top two producers globally in every segment of vehicles over next 25 years, Society of Indian Automobile Manufacturers (SIAM) president Kenichi Ayukawa said on September 15.

Speaking at the 62nd annual session of SIAM, Mr. Ayukawa said India also plans to be nearly 100% self-reliant in the entire manufacturing value chain of automobiles during the period as per the Vision 2047.

"Industry has prepared a vision statement for India at 100. According to that, the Indian automobile industry will be one of the two largest producers in every segment of automobiles in the world," he said.

“Besides, the industry aims to have a dominant share of clean energy vehicles on a life-cycle basis in the next 25 years,” Mr. Ayukawa noted.

"This means a significant share of all feasible technologies..including battery electric, ethanol, flex fuel, CNG, bio-CNG, hybrid electric and hydrogen," he added.

Mr. Ayukawa stated that to achieve such ambitious targets the industry would require some key enablers such as having single-minded pursuit of competitiveness. "Second is ease of doing business. A long-term regulatory roadmap can be helpful in better planning of investments, technologies and product development," he said.