Zee Business-SAP Dare to Dream event: Reinvest in technology to stay ahead, says ACMA DG Vinnie Mehta

Electric vehicles are the future and India is gradually inching ahead towards the ecologically conscious goal of complete electrification of all means of transport. The path ahead is not easy, thus requires a lot of hard work, innovation, collaboration and out of the box thinking. Deliberating today on the issue, Vinnie Mehta, Director General, ACMA (Automotive Component Manufacturers Association of India), said during the Zee Business-SAP Dare to Dream event that one should keep reinvesting in technology to stay ahead.

"Technology is a game you need to reinvest in so as to stay ahead, and this is what India needs to understand," said Mehta.

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Emphasising on the roles of startups, Mehta said that the industry needs to integrate with innovative startups. "There is a huge new ecosystem emerging due to electric mobility. We need to integrate the innovative startups in the growth story of the sector," he said.

He added that it is the cost of the battery that makes electric vehicles costly. "We should understand that in EVs, maximum cost is of a battery. Hence, we need to focus big on that front. Also, we should always attempt to address the problems, else they will remain there forever," said Mehta.

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Zee Business-SAP Dare to Dream programme is aimed at fostering global competitiveness and growth among Indian SMEs. The event is providing a common platform to 30 CXOs and industry experts to come together and discuss the future and opportunities ahead. The idea behind the event is to encourage discussion in order to engage, extract thoughts and experiences that are themselves expected to throw up valuable lessons for all concerned to take advantage of policies, technologies, market linkages as well as business support thereby help in the shaping of the industry itself.