Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2011-08-30

GM Motors to hike procurement from SMEs

The slowdown in Indian auto markets notwithstanding, world’s second largest auto maker General Motors, is betting big on India. Its Indian arm has decided to source as much as 95 per cent of componen

The slowdown in Indian auto markets notwithstanding, world’s second largest auto maker General Motors, is betting big on India.  Its Indian arm has decided to source as much as 95 per cent of components from local manufacturers for some of its newer models while doubling its production from 1,50,000 vehicles now to 300,000 vehicles by 2014.    

Speaking at the FISME-SMERA ‘Profit from Knowledge Series- Auto Sector’  held in Faridabad, Vice President,  Global Purchasing and Supply Chain of General Motors India, Ashwani Muppasani said, “GM is focusing on domestic component manufacturers particularly SMEs and the percentage of locally sourced parts and components in new vehicles can be as high as 95 per cent.” However, the would-be suppliers would have to confirm to global quality and performance standards and be TS certified, he cautioned. 

Speaking during the occasion, former Chairman and Managing Director of Sumitomo Corporation of India, Keiji Nakajima, who has spent over 30 years in India, mentioned that the real source of technologies in Japan is not large corporations but SMEs. Unfortunately, Japanese SMEs did not know about India’s potential and suffer from negative perceptions about India.  According to him, majority of these Japanese SMEs have been instrumental in transfer of technology from Japan to their Chinese counterparts.

While the positive medium and long term outlook for demand in the Indian auto sector was undisputed, there were concerns about rising imports of auto parts and components. A FISME research brief prepared for the occasion showed the rising trend of imports of auto components from ASEAN countries. Secretary General FISME, Anil Bhardwaj opined that impact of India-ASEAN FTA needs to be continuously monitored.

Related opportunities
  • Quick Service Restaurants
    About:Chicken Shawarma Hub is a popular & fast - growing..
    Locations looking for expansion Telangana
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 100 - 400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Skills / Personality Development
    Join The Revolution in Imparting Life Skills Through Cinema & Impact..
    Locations looking for expansion Maharashtra
    Establishment year 1997
    Franchising Launch Date 2012
    Investment size Rs. 50 K - 2lac
    Space required NA
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai suburban Maharashtra
  • BE A PART OF 361DM SUCCESS STORY !!!   A..
    Locations looking for expansion Tamil Nadu
    Establishment year 2006
    Franchising Launch Date 2011
    Investment size Rs. 2lac - 5lac
    Space required 750-1000 Sq. ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Quick Service Restaurants
    About Pronto Pasta and NoodlesPronto Pastas & Noodles is a..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 250 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities