Sources says vehicle manufacturers are also open to explore the capabilities of auto vendors based out of Gujarat
Nearly 80 manufacturers of components from the automobile sector have expressed their desire to set up their units in Gujarat, said industry sources. The move will consolidate Gujarat's position as a key hub for manufacturing automobiles in the country. Sources said vehicle manufacturers are also open to explore the capabilities of auto vendors based out of Gujarat.
Close to 150 auto component manufacturers, both Tier-1 and Tier-2 suppliers, are coming to Gujarat to enable creation of a strong automotive ecosystem in the state, said Vinnie Mehta, director general of Automotive Component Manufacturers Association, which is organizing its 'Value Chain Summit' that will begin on Friday at Mahatma Mandir in Gandhingar. Of these, about 70-80 are willing to invest in Gujarat, the industry sources said, adding, however, they did not disclose the likely investment they would make. Arrangements are likely to be made after the Summit so that companies can invest easily in Gujarat.
Sources also said that with more vehicle manufacturers coming to Gujarat, there is a growing demand of manufacturers of automotive components. With companies like Suzuki Motor Corporation, Ford Motors, Tata Motors, MG Motors, Honda Motorcycle and Scooter India and HeroMotoCorp setting up operations in Gujarat, there is a growing need to set up a robust vendor network for these companies, feel players.
Piyush Tamboli, chairman of Western Region for ACMA said now even vehicle manufacturers are looking to Gujarat to get vendors. "These companies have an open mind. In fact, it is their demand to have more and more vendors locally from whom they can course products," said Tamboli.
They are the key players
Who’s who of automobile industry to participate in the summit include Kenichi Ayukawa, Managing Director and CEO — Maruti Suzuki; Anurag Mehrotra, President and Managing Director- Ford India; Minoru Kato, President and CEO, Honda Motorcycles and Scooters India and Thomas Flack, Chief Purchase Officer of Tata Motors, among others.
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