Webinar Recording
If you’d like view the recordings directly on YouTube check out the playlist here.
Summary
According to the India Brand Equity Foundation (IBEF), India became the 5th largest auto market and the 7th largest manufacturer of commercial vehicles in 2019. The Invest India initiative of the Government of India estimated (pre-Covid) that the $118 billion automotive industry in India is expected to reach $300 billion by 2026, and India is expected to emerge as the world’s third largest passenger vehicle market by 2021.
Remanufacturing within the automotive industry has been at the leading edge of sustainability through ingenuity, material stewardship, and circular design. Though its adoption in India is understood to be low, it has immense potential. Only a few companies like Cummins and Volvo are known to have remanufacturing operations in the nation.
According to the Automotive Parts Remanufacturers Association (APRA), some of the environmental benefits of automotive remanufacturing include:
- Energy Conservation: Automotive and truck parts are kept out of the resmelting process longer because of remanufacturing. As a result, millions of barrels of oil or comparable forms of energy are saved.
- Raw Material Conservation: Remanufacturing gives a product numerous lives instead of just one, thereby saving raw material, resulting in annual savings of millions of tons of natural resources such as iron, aluminium, copper, etc.
- Air Pollution Reduction: Keeping parts out of the resmelting process benefits the environment by reducing the air pollution that is generated by resmelting.
Objective
The objectives of this webinar include:
- Providing a current-state snapshot, and outlook of the Indian automotive sector especially in relation to remanufacturing and the circular economy
- Bringing visibility to remanufacturing and it’s potential in the auto sector, with perspective from a remanufacturer in India
- Engaging in an interactive Q&A with participants
Who should attend
- Automotive manufacturing and remanufacturing companies
- Academics/Researchers – Industry, Technology, Policy
- Product Designers and Entrepreneurs
- Circular Finance and Impact Investors
- Policy Makers
Speakers
- Rajiv Ramchandra, Founder and Director, Re:CREATe (Host and Moderator)
- Yash Pal Sachar, Chairman – After Market Parts Group, Society of Indian Automobile Manufacturers (SIAM)
- Todd Wieland, Director of Research & Technology, New and ReCon Parts, Cummins Inc.
Date, time, and duration
Thursday, October 22, 2020 | 4:00pm IST (12:30pm CEST; 6:30am ET) | 90 minutes
Registration Fee
None
Agenda
| 4:00pm | Welcome, Explanation of Format, and Introductions Rajiv Ramchandra, Founder and Director, Re:CREATe |
| 4:10pm | Snapshot of the Indian Automotive Industry Yash Pal Sachar, Chairman – After Market Parts Group, Society of Indian Automobile Manufacturers |
| 4:30pm | Sustainability and Circularity through Remanufacturing: An Automotive Industry Remanufacturer’s point-of-view in India Todd Wieland, Director of Research & Technology, New and ReCon Parts, Cummins Inc. |
| 4:50pm | Discussion and Q&A – Yash Pal Sachar, Chairman – After Market Parts Group, Society of Indian Automobile Manufacturers – Todd Wieland, Director of Research & Technology, New and ReCon Parts, Cummins Inc. Moderator: Rajiv Ramchandra, Founder and Director, Re:CREATe |
| 5:20pm | Concluding thoughts, Announcements, and Thanks Rajiv Ramchandra, Founder and Director, Re:CREATe |
About Re:CREATe
Recreate India Research Foundation (Re:CREATe) is a Section-8 Nonprofit Company established to catalyze, advance, and co-create a thriving remanufacturing industry in India. The four pillars of Re:CREATe are Research, Education, Advocacy, and Technology resting on a foundation of national and international Collaboration.
About SIAM
The Society of Indian Automobile Manufacturers (SIAM) is a not for profit apex national body representing all major vehicle and vehicular engine manufacturers in India. SIAM works towards supporting sustainable development of the Indian Automobile Industry with the vision that India emerges as the destination of choice in the world for design and manufacture of automobiles. It works towards facilitating enhancement of the competitiveness of the Indian Automobile Industry, reducing cost of vehicles, increasing productivity and achieving global standards of quality.
About Cummins Inc.
Cummins Inc., a global power technology leader, is a corporation of complementary business units that design, engineer, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions, and electrical power generation systems. Headquartered in Columbus, Indiana, Cummins employs over 58,000 people worldwide and serves customers in approximately 190 countries and territories through a network of more than 600 company-owned and independent distributor locations and approximately 7,400 dealer locations.