Stefan Jacoby, Executive VP & President, GM International, stressed on the need for increased support from the Government for India to build a globally competitive automotive industry and for India to become a centre of vehicle production. "To realize the full potential of the industry, we encourage the government to reform overall central and state taxation policies in a timely manner," Jacoby said.

Jacoby was addressing a gathering of distinguished leaders from the global automotive space, Indian ministers and industry captains at SIAM's 54th Annual Convention 2014 held in New Delhi on September 12, 2014.

"We would also like the government to address the need for flexible labour reforms, especially in manufacturing. This is one of the areas in which India lags behind other industrialized economies," Jacoby further added.

Speaking on the topic ‘Auto Industry and its Economic Linkages', Jacoby was joined by other automotive leaders such as Fumihiko Ike, Chairman of JAMA (Japan Automobile Manufacturers Association) & Chairman of Honda Motor Co Japan apart from Ravi Pisharody, Executive Director - Commercial Vehicles Business Unit, Tata Motors and Kenichi Ayukawa, Managing Director & Chief Executive Officer, Maruti Suzuki India.
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