Localisation is one of the latest trends in the automotive sector in India. To reduce cost and lead time, several automotive OEMs are looking for local vendors who can match their quality and provide timely delivery. However, automotive OEMs and tool suppliers need a platform to come together and understand each other’s requirement. Keeping this in mind, TAGMA and Toyota Kirloskar Motors (TKM) came together to organise Tooling Tech Show, an event for all the stake holders of the eco-system to put across their expectations.
The business dynamics of every economy and market keeps evolving continuously as large number of manufacturers enter the market, thereby enhancing competition and raising the standards. The intense competitive environment calls for a networking platform that not only connects the buyer and seller but also seals envious business deals. In such a scenario, a trade fair offers all the promotional beneﬁts that a manufacturer looks forward to. In this regard, TAGMA along with TKML organised Tooling Tech Show
2018 on December 20, 2018 at Toyota Kirloskar Motors’ Bidadi facility.
Toyota one of the major automotive players is now looking for domestic suppliers who can meet their quality standard, reduce lead time and provide them cost competitiveness. At the same time TAGMA is working hard to reach out to maximum number of OEMs to showcase the capabilities of the Indian tool rooms. TAGMA and Toyota came together to organise event that witnessed 32 tooling suppliers sharing their capabilities with Toyota group companies such as Toyota Motors, Toyota Boshoku Automotive India, Toyotetsu India, among others and its Tier-I suppliers such as BOSCH, DENSO, JTEKET, etc.
The event started with an opening speech by Venkat Krishnan R, General Manager – Purchase Division, Toyota Kirloskar Motor Pvt Ltd. He thanked TAGMA on behalf of Toyota group for helping them organise the event. “I thank TAGMA for bringing tooling suppliers from various part of the country at one place. We welcome all TAGMA members, tooling suppliers and other dignitaries for this unique Tooling Tech Show.”
Further, during his presentation, he highlighted the current trend in the Indian automotive industry, demand drivers and challenges. He said, “The Indian automotive industry is growing rapidly and has become very demanding. As the purchasing power of Indians is getting better, they are looking for costeffective, reliable and safer options. Additionally, new technologies such as hybrid vehicles, electric vehicles and government regulations for safety and emission will drastically change the future outlook of the Indian automotive industry. With such kind of changes, cost competitiveness becomes the key.”
Toyota sources most of its tooling requirement from Taiwan, South Korea and China, however they are aggressively looking for Indian suppliers. “Over the years we have realised that the Indian tooling suppliers have grown and may be this is the right time to explore the Indian tools rooms. I am looking forward to have some interesting interactions with companies present here today,” Venkat added.
Taking the discussion ahead, Hideaki Nakamura, SVP – Purchase, Toyota Kirloskar Motors added, “We conduct annual meeting at our headquarters in Japan where Toyota professionals from all around the world participate. Everyone agreed to the fact that cost competitiveness is very important for future growth. So a good tooling from India does not necessary mean just for Toyota’s Indian operation, if the cost, quality and delivery time is up to the mark, there might be opportunities in Toyota’s global facilities as well. I would encourage our tooling friends from India to step up the technology level. We are there to support. ”
As the opening ceremony progressed, everyone present there received great insights about the current market scenario of the Indian tooling industry through a presentation by DK Sharma, President, TAGMA. He also thanked Toyota for this unique initiative and assured, on behalf of Indian tooling fraternity, that India is ready to fulfil the quality requirement set by Toyota.
He said, “I would like to thank Toyota for helping us organise this extremely important event and giving us this opportunity to showcase our capabilities. Also, with the presentation from Toyota professionals I could understand that the world is looking at us, OEMs are ready to give us opportunities. We, tool makers, should celebrate this occasion and gear up for the exciting time ahead.” In his presentation, he also shared about the activities of TAGMA and invited Toyota members for the upcoming International
Tooling Summit 2019 to be held in Pune on February 7-8, 2019.
Further, during the opening ceremony three tool rooms — Nagata India, Sridevi Tool Engineers and Godrej & Boyce Mfg – Tooling Division; were given an opportunity to present their services and capabilities to the audience.
The opening ceremony was followed by a ribbon cutting ceremony and visit to the stalls by Toyota fraternity.
Over 30 tier-I suppliers of Toyota visited the event. Some of them include Adient India Pvt Ltd, Aditya Auto Products & Engg. (I) Private Limited, Bosch Chassis Systems India Limited, Denso Kirloskar Industries Private Limited, Faurecia Emissions Control Technologies India Private Limited, Gabriel India Limited, JBM Ogihara Automotive India Limited, JTEKT Sona Automotive India Limited, Lumax Industries Limited, Minda Industries Limited – Lighting Division, Motherson Automotive Technologies & Engineering, TATA AUTOCOMP SYSTEMS LTD INTERIOR & PLASTICS DIV, Tokai Rika Minda India Private Limited, Toyota Boshoku Automotive India Private Limited, Toyotetsu India Auto Parts Private Limited, Toyotetsu India Private Limited, Tractor and Farm Equipment LimitedEPD and Yorozu JBM Automotive Tamil Nadu Pvt Ltd, among others.
The exhibitors used this platform to showcase their latest product offerings before esteemed customers and visitors present at the event. The participants, exhibitors and visitors, shared that the rapid growth of the Indian automotive industry will further propel localisation in the country, making it necessary for the tool suppliers to be abreast with the current market demand.
Besides being extremely effective, the expo provided participants a cost-effective means to promote their products on a wider platform to a serious set of buyers.