Key highlights
The component industry’s business will be back on track with the festive season – Sunjay Kapur
This partnership will bring technology from two countries together. 15 companies from Taiwan and 25 Indian company will participate in this expo.
-With the outbreak, there are challenges to the global economy our PM gave a call to become #Atmnirbhar which means localisation- Sumita Dawra, Joint Secretary DPIIT. We welcome investments for the value chain. We are rolling out the red carpet for investors and a lot of initiatives taken by Indian governments, we have developed 3400 industrial parks. Taiwan is a hub for telematics and electronics and we invite them to come here and set up units here for the auto component industry and this is a great time to invest here.
Due to covid-19, the whole supply chain is undergoing through massive change- Vikrampati Singhania, Director at jk Fenner. We will have new innovations and partnership, long term partnership is bright and we are looking positively. There are technologies both countries have, this deeper relation will help both side of the world also it will provide a platform for derisking. we will soon have a partnership with Japan and Korea.
Together we can expand, India plays a key role in the global automotive market, Taiwan is a leader in the smart vehicle, this summit will bring new business opportunity – Wu, Ching-Yuan Chairman, Taiwan Transportation Vehicle Manufacturers Association.
Indian auto components companies will benefit Taiwan auto industry with knowledge and expertise – Vinnie Mehta, Director General, ACMA India. “We import electronic items which are 15 per cent of overall, 25 per cent is average which will increases in few years with EV in India so Taiwan has the opportunity so I urge my friend in Taiwan to collaborate to invest with Indian partners”
Ian Yang COO at ZEPT Inc introduced his company which is specialised in the development and manufacturing of electric powertrains for EV, PHEV ad HEV. He believes ZEPT could help Indian companies as a supplier of E drive system and platform in the supply chain. He showcased ZEPT EDM1P95, 3 in 1 design ( Motor, gearbox and MCU ) and its test result.
‘A lot of focus on electric mobility and we have a high level of localisation and how we can benefit from technologies the government has given two year time for it” Nishant Arya. Executive Director, JBM Group Taiwan can grab this opportunity and invest here to give momentum to EV. Recently a lot of new EV launches happening here and there are more and more new technologies coming in India and innovation happening. In Transportation, we are shiting towards green mobility.
“Our government grants an exemption for EVs from commodity taxes and license taxes ” Denise Hung, a specialist from Taiwan’s Automotive Research and Testing Center (ARTC). Taiwan government also provides incentives for E-Scooter purchase and charging station installations. Taiwanese E scooter standard was released in 2009 as a basic requirement for acquiring incentive.
India has a large untapped EV market and we have public policy in favour of aiding EV revolution- Amit Dakshini Director Management Consulting, PwC. Growth in Evs and DHI’s PM program will enable a strong demand for EV components. Electronics is the fastest-growing category in the automotive BoM. India- Taiwan collaboration can support the Indian EV and electronics component supply ecosystem in multiple ways.
