The automotive industry has always been at the forefront of technological changes. Today again, we are standing at the cusp of another revolution. With Industry 4.0, increasing view of mobility as a service and adoption of EV globally, both OEMs and suppliers alike, are forced to rethink their business models, and re-evaluate how to be relevant and succeed in the new era.
Industry 4.0, which incorporates smart and intelligent platforms & processes to enhance operations, is expected to have significant implications in the post-COVID world. In India, Industry 4.0 has been traditionally considered as 'the future of manufacturing'. However, in the wake of COVID crisis, Industry 4.0 has become much more relevant for surviving the crisis and moving forward. Industry experts are expecting higher adoption of Industry 4.0 in the post COVID world across different sectors.
Prior to the COVID crisis, the major business drivers for Industry 4.0 were limited to competitive advantage, cost optimizations, productivity and innovation. In the post COVID world, the key drivers for Industry 4.0 are expected to be around maintaining lean & optimized operations for better survival during the crisis phase.
To sensitise and prepare Indian automotive sector to embrace technological disruptions and compete globally, CII is organizing a one-day “Automotive Industry 4.0 Summit” on Wednesday, 22 September 2021 through CII Hive.