Indian auto industry should aim for higher quality: Maruti Suzuki's Ayukawa

It should 'localise smallest of the components' and invest in new technology, says business leader

The Indian auto industry has gained scale and it should focus on higher quality for sustainable growth, said Kenichi Ayukawa, Maruti Suzuki India's executive vice chairman, on Wednesday.

The industry is going through a unique phase as some segments recover after the pandemic and others struggle, said Ayukawa, who is also president of Society of Indian Automobile Manufacturers (SIAM).

"For example, mass segments like entry-level cars and two-wheelers are facing a huge reduction in demand owing to significant increase in the acquisition cost."

Two-wheeler sales in the world’s largest market have been slow for more than two years amid poor