The Indian automotive industry has seen sustained growth over the last decade (CAGR of 14 percent) and is now the sixth-largest in the world, with about 35 domestic and global OEMs competing for every percentage point of market space. The industry is going through a rapid evolution in terms of shorter product life cycles, new customer segments, and demands from customers who want more product choices.
The value chain is also maturing. Today’s CEOs and COOs view the supply chain as a strategic function that should deliver a competitive advantage. These new expectations, coupled with evolving industry dynamics, are triggering a transformation.
The CII-AT Kearney study identifies seven industry trends that are likely to have an impact on the evolution of the automotive supply chain. Recommendations are also made to ensure the supply chain is prepared to support growth and competitiveness. The report was released at AUTO SCM 2013: "World-Class Automotive Supply Chains - Accelerating Enablers in India" organized by the CII Institute of Logistics on 19-20 September, 2013 at Chennai.