By The upcoming Auto SCM Summit 2024, scheduled for December 5 at the Sheraton Grand Pune, will shine a light on India’s growing prominence in the global automotive supply chain. As the automotive industry undergoes rapid transformation, India is establishing itself as a key player in both manufacturing and exports, and the summit will explore these emerging trends.
India’s Automotive Powerhouse Status
India’s automotive industry has seen significant growth, making a mark globally. In FY23 alone, the country produced an impressive 25.9 million vehicles, positioning itself as:
- The largest tractor producer globally
- The second-largest bus manufacturer
- The third-largest heavy truck producer
This robust production capacity is complemented by India’s rising exports, with nearly 4.8 million vehicles shipped last year, including 3.6 million two-wheelers. As the country solidifies its position as a global automotive hub, the Auto SCM Summit will highlight how this strength in both production and exports is reshaping the industry.
Focus on Electric Vehicles and Technological Innovations
A major theme at the 2024 summit will be India’s expanding electric vehicle (EV) market. By 2025, the Indian EV market is projected to reach USD 7.09 billion, with an anticipated USD 206 billion opportunity by 2030. This growth aligns with global trends towards sustainability and the transition to cleaner energy in automotive production.
Additionally, the event will delve into cutting-edge innovations in the automotive sector, such as:
- The increasing adoption of generative AI and its impact on vehicle production
- Enhanced vehicle connectivity and smart technologies
- Collaborative and sustainable supply-chain models
- The effects of reshoring and nearshoring on global automotive logistics
With the automotive supply chain becoming more complex and technologically advanced, discussions will focus on how these developments are influencing India’s role in the global market.
Networking and Knowledge-Sharing Opportunities
Since its inception in 2016, the Auto SCM Summit has served as a vital platform for industry leaders to gather, exchange ideas, and explore strategies that shape the future of automotive logistics. This year’s event promises to be no different, offering attendees:
- Opportunities to connect with key decision-makers from automakers, suppliers, and logistics providers
- Insights into the evolving demands of the automotive supply chain
- Discussions on reshoring and how it impacts India’s positioning in global logistics
Held in Pune, widely considered the heart of India’s automotive manufacturing industry, the summit will provide a unique chance for stakeholders to engage in meaningful dialogue about the industry’s trajectory.
Frankfurt Airport’s Continued Partnership
A notable feature of the Auto SCM Summit is its continued partnership with Frankfurt Airport, which has been a presenting partner since 2016. As a critical player in global automotive logistics, Frankfurt Airport’s involvement underscores the importance of international collaboration in supply chain management. Their contribution to the summit will focus on their role in facilitating efficient global logistics for the automotive sector.