India has the potential to emerge as a manufacturing hub: Malo Le Masson of Hero MotoCorp
>> “India should make vehicles cleaner; bring in greener forms of energy”
“India is an evolving economy and the contribution of the automotive industry in the country’s economy is immense. India is now the world’s largest two-wheeler market and world’s fifth largest automotive market,” said Malo Le Masson, Head – Global Product & Planning, Hero MotoCorp Ltd.
He was speaking at Sammantran, a business conclave organized by Sammantran 2017’, organized by the students of the one year Executive Post Graduate Programme in Management (EPGP) at IIM Bangalore.
“Make in India is a huge initiative for the automotive and auto components sector. Sometimes, in India, we do not immediately see the changes which are happening, like policies, tax reforms, etc. But, India is making an impact on the world map. We are good at manufacturing at competitive costs – in fact Indian manufacturing costs are among the lowest,” Malo Le Masson said.
He also added, “India is among the largest auto markets worldwide. With BSLV, India’s technology will be at par with the world. India has the potential to emerge as a manufacturing hub.”
Pointing out that India had to now ‘shift gears’, Le Masson recommended a few measures which could be adopted for further growth of the sector.
“The Government’s vision should be to try to see if we can change the curve of supply and demand. To make the vision into reality, we need to look into elements like incentives, slow charges, fast charges, etc. Another area of focus should be to make vehicles cleaner and bring in greener forms of energy. India is in a transitional phase. But it is all about setting in place clear boundaries where all can operate. Performance/competition should be focused on so that investors, consumers and all other stakeholders can benefit,” he said.