India needs to get its new tax right

By admin June 30, 2015 2:53 pm

GST introduction will be the biggest contributor to ‘Make in India’ initiative.Rajesh Kulkarni, Vice President – Sales & Marketing, Hella India Automotive Pvt. Ltd._________________________________________________________________________________
 Hella India Automotive (HIA), the wholly owned Indian subsidiary of German automotive parts supplier HELLA, is an important electronic and component supplier for the Indian automotive market. HIA is into the business of development, production and the marketing of lighting and electronic components and systems both for vehicle manufacturers and for other suppliers.
With plans to harness its global technologies and customise them for OEMs in India, Hella expanded its Dhankot facility in Haryana in October last year. It introduced state-of-the-art SMT lines for its key focus products – Body Control Module and Remote Key Entry for Indian customers. The company would like to continue its expansion in India. In an interview with OEM Update, Rajesh Kulkarni speaks about Hella’s aggressive strategy in line with the government’s ‘Make in India’ mission.
The advantagesTerming ‘Make in India’ a ‘welcome initiative’ for industry and particularly the automotive industry in India, Mr Kulkarni says, “Automotive component and system suppliers like Hella stand to benefit and this will trigger a chain reaction downstream to the OEMs and the end consumer will get access to world-class products at better value for money.”
Especially for automotive electronics companies like Hella, ‘Make in India’ initiative can drive domestic development. With technological solutions on offer, OEMs will be able to create value proposition for the Indian consumers and for export markets, Mr Kulkarni observes.

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