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SIAM Organizes Lecture on India’s Automotive Aftermarket Parts

SIAM focusses on aftermarket products and services to bring about a 360 degrees evaluation of needs, challenges and possibilities.

The Society of Indian Automobile Manufacturers (SIAM) had conducted the 18th lecture on ‘Future of Automotive Aftermarket Parts in India’.

SIAM Lecture Aftermarket PartsSpeaking about the lecture, Prashant K Banerjee, Executive Director, SIAM said, “Aftermarket issues are often less discussed despite knowing the fact that customer satisfaction viewpoint, safer, affordable & quality products and services are of paramount importance. To deliberate customer-centric aftermarket issues, involving all stakeholders, SIAM intends to provide a discussion platform wherein opportunities and challenges in the aftermarket sector to bring safer and delightful mobility experience to the society and masses at large”.

Considering National priorities on Atmanirbharta, Digitalization and making of Quality and safer products for customers, SIAM focusses on aftermarket products and services to bring about a 360 degrees evaluation of needs, challenges and possibilities around the following aspects:

  • Quintessential Quality,
  • Curb Counterfeit,
  • Vocal for Local,
  • Simplify Supply-Chain,
  • Amplify Access,
  • Evaluate E-Commerce

Basis the above-mentioned pillars, two important aspects i.e. vocal for local and curbing counterfeit have been identified for deliberation. The lecture was graced by key industry players, industry members, market research bodies, and distinguished representatives from the media.

The lecture comprised of two sessions, the first being ‘Vocal for Local’ with the theme ‘Leveraging Aftermarket and Auto Component PLI’ with theme presentation by Saurabh Agarwal, Partner, E&Y.

The session panel discussion was moderated by Yashpal Sachar, Chairman, SIAM Aftermarket Parts Group & General Manager, Honda Cars India and featured eminent speakers, Ramashankar Pandey, Chair, ACMA after Market Committee & MD, Hella India Lighting; Mustafa Wajid, E-mobility and Charging Infrastructure, IEEMA; Saurabh Kapoor, Managing Director, JSG Innotech. Prashant K Banerjee, Executive Director, SIAM hosted the 1st Session.

Localization in the context of aftermarket opportunities and challenges including ease of business were some of the fresh perspectives discussed in the session.

The 2nd session delved on safer mobility and challenges around counterfeiting from a fresh perspective of deploying new-age technology, themed upon ‘Adopting New Age Technologies like IoT, AI & ML.’ with theme presentation by Tanmay Jaswal, Founder & CEO, Chkfake followed by a panel discussion of experts, such as Pankaj Monga, Partner & Practice Head, Brand Protection, Lall & Sethi; Shaleen Agarwal, Founder & CEO, Garaaz; Anubhav Amarnath, Founder & CEO, EngineCAL Technology; Thomas Weiss, Founder & CEO, Authentic Vision. Arpit Mahendra, Editor, Express Drives & Express Mobility, The Financial Express – Digital moderated the Panel discussion. The Session was hosted by Anup Mohnani, Co-Chair, SIAM Aftermarket Parts Group and Head (Parts Division, Stellantis).

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Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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