2019
Poor Productivity of Auto Industry of India
Auto industry of India enjoyed protection for 70 years. It has less than 1% share in the global export market of the passenger cars. Even in the domestic market, it is able to survive only because a 50-100% tariff on imported cars allows it to charge the customer one-and- a half times the price customers in the rest of the world pay for similar cars. Prof Arvind Panagaria, Former Vice Chairman, NITI Ayog, India, in The Economic Times, 7 August 2019, p.18.
The above condition is due to poor productivity of the a premier engineering industry.
What are the innovations that industrial engineering institutes and professional bodies came out with so far in auto industry? As good as nil in public media.
Prof. Panagaria urges industry persons and academic persons of India to Stand Up &Be Counted.
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