Tuesday, September 16, 2008

Indian auto industry to lead globally by 2020: IBM

New Delhi: The Indian automobile industry is all set to be the global leader by 2020, with the trailblazing innovative work - the Nano - done by the Tatas, according to IT and consultancy giant IBM. The country could lead in service-based offerings in the domestic as well as the global market, it added in its study, Automotive 2020 Clarity Beyond Chaos. 

The study further stated that India had a strong case for becoming a key hub for product development, innovation and manufacture of the technically-advanced, green vehicle. 

"The Tata Nano showed India's ability to innovate. It has increased India's stature in the global automotive stage," said IBM Automotive Industry Vice-President Global Leader Sanjay Rishi. He also spoke about India's expected role in the rebalancing of core product development vis-a-vis application development. 

Rishi said that the industry may see a positive trend of more alliances, technical partnership and joint ventures between Indian Original Equipment Manufacturers (OEMs) and global auto manufacturers. Wholly-owned subsidiaries would also operate in the India market, he added. 

The study was the culmination of interviews of 125 executives of original equipment manufacturers, component suppliers and their parties in 15 countries. 

The study highlighted areas of opportunity for India such as electronics and embedded software system. It said that India could tap these as an avenue for growth riding on the back of a growing pool of talented technical manpower.

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