markets people look at the short term but when we invest in businesses we look at the long term gupta addedmeanwhile a few factors have to fall in place he said deeper penetration of finance environment for growth with easy regulations and the collaboration of the oems are the most important among them i think we compete very well but collaborate poorlyrecollecting the harrowing past two years gn gauba cfo motherson sumi wiring india said the automotive industry has always been put to test but the positive part is that the indian auto industry is a closeknit family the oems and their supply chains work very closely with each other despite facing challenges during the pandemic the industry shifted manufacturing to ventilators and even during severe chip shortage it managed to be flexiblereferring to the suppliers bharti said there is weakness at tier2 and 3 levels in terms of automation investment in right equipment management bandwidth etc if we can strengthen this stratum the indian auto industry will get a huge boost the issue is that while the number of tier1 suppliers are around 400 to 500 the tier2 suppliers would run into thousands so it is a scalable problem but what we have been trying to do is to request our tier1 suppliers to inculcate the best practices of shop floor finance etc in tier2jitendra barola director finance mg motor india said i believe consumers need mobility with technology compared to suzuki we are nowhere but we are focusing on different revenue streams we have created a platform for not just selling the car but being with the customer dayin and dayoutindias road to zero carbonthe expert panelists at the event said though electric vehicles evs are technologically strong going forward all forms of energies have to coexist to reach the goal of decarbonization in the countrytalking about the twowheeler industry gupta of hero motocorp said that most of the electrification in the coming decade is going to be in the scooter segment because motorcycles require a significantly more amount of battery capacity more power more range and it will not be affordableice and evs will coexist for a pretty long period motorcycles which currently occupy 70 of the industry in india will migrate to evs in the next decade and the first decade will be more about scooters which currently occupies 30 of the industry he saidthe countrys largest twowheeler maker unveiled a new brand identity called vida for evs last week its first ev is set to be introduced on july 1 this yearrepresenting the passenger vehicle pv industry bharti of maruti suzuki noted that decarbonisation is a larger perspective and includes within itself several technologies that are not the end but means to the end electrification is a family of technologies including hydrogen cars plugin hybrids strong hybrids but there is also natural gas and the latest set of technology the biofuels he saidas an industry we have to evolve solutions which are unique to india