Chandra calls for shift from assembly-led growth
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- ✓Chandrasekaran called for a shift from assembly-led growth at the IFQM Symposium 2026.
- ✓He said, "It is very important to build the assembly-led growth, and that is going to lead to creating a strong SME segment." He urged firms to focus on R&D and quality to boost national competitiveness.
Story at a Glance
- Category
- MARKET
- Reported By
- Financial Express
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
"It is very important to build the assembly-led growth, and that is going to lead to creating a strong SME segment. From there, moving to end-to-end full product, and building a range of capabilities is going to require investments into R&D, creation of intellectual property and being in tune with the market," Chandrasekaran said at the Indian Foundation for Quality Management (IFQM) Symposium 2026.
He said quality should not be viewed merely as a means of ensuring product standards but as a driver of innovation, productivity and competitiveness. Citing Toyota, he said the Japanese automaker had used quality as a key driver of innovation and competitive advantage, while Germany had built national competitiveness around engineering, standards, precision and a strong supplier ecosystem.
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