PwC helps organisations across the automotive value chain in successfully adapting to the changes in business environment. We partner with our clients to help them drive innovation and become more agile to achieve profitable growth
With increasing spend capacity, high levels of product awareness, rapidly evolving expectations and demand for personalised products & services, customers are taking the center stage of the entire automotive ecosystem. Understanding changing customer needs and having the ability to serve them differentially will be a key competitive advantage.
Automotive Industry participants must, therefore, reinvent themselves to find new ways of creating and delivering value in the future.
Major regulatory interventions, such as the accelerated transition from BS IV to BS VI, adoption of electric vehicles, safety rules and stringent vehicle standards are leading to a shift in vehicle technology. This is creating significant challenges, not only for automotive industry but also in related sectors such as energy, oil & gas, transportation, and urban development.
Development of smart infrastructure (e.g. smart cities), alternative modes of transportation and the drive to enable electric vehicle charging infrastructure will change the face of mobility infrastructure.
India is emerging as a priority market for global automotive companies. Indian companies are globalising as well. Thriving in such an environment will need a clear strategy and the ability to manage risks and build organisation capability.
At PwC, we help clients solve critical business problems through innovative & creative thinking. PwC's automotive team brings together the right mix of industry, technical and functional expertise to deliver solutions that help our clients stay ahead of competition.
We work with clients across the automotive ecosystem, partnering with them from strategy through execution. Our comprehensive set of services, range from developing cutting edge strategy, through designing and implementing solutions across business areas such as operations, finance, human resource, information technology, regulations, tax, risk and deals.
With major shifts in vehicle technology, emergence of new business models, and entry of new competitors; automotive companies in India need to rethink their business strategy. Our strategy practice helps clients develop growth strategies, business models, organisational structures & operating models to capture value from the market and increase the effectiveness of supply chains. Our proprietary models like Fit for Growth & Capabilities-Driven Strategy + Growth, help client get that extra edge to always stay ahead of competition.
The automotive industry in India is going through a major transformation. Your success will depend on the business strategy and the speed of implementation of the transformation. Our management consulting practice, serves automotive clients design & implement their transformation journeys. We help clients enhance customer value, achieve manufacturing excellence, improve time to market, reduce product costs, attain procurement excellence, improve from financial effectiveness and build organisations that deliver sustainable competitive advantage.
More than just being an enabler, today technology is becoming a key differentiator for the automotive business. Whether it is about delivering Omni-channel customer experience or having lean and agile supply chains, technology is helping clients differentiate themselves and capture higher value in the market. Our technology consulting team works with automotive clients to integrate data & analytics into their businesses, transform the role of IT function, choose the right application technology and help implement turnkey solutions as well as support and maintain along the application lifecycle.
With the world becoming a global market place for Indian automotive industry, having access to global markets, product technologies and distinct capabilities quickly, are key to becoming a true global leader. Our deals team helps automotive clients make acquisitions, investments, divestitures, joint ventures, spin-offs and strategic alliances in order to be appropriately positioned in the market. In each case, we have the same overriding objective: to ensure clients maximise the return on their deal.
With globalisation, complying to tax laws while being tax efficient is becoming increasingly complicated for automotive companies. Our corporate & international tax professionals, assist automotive clients in resolving various challenges such as keeping abreast with changing tax regulations, efficiently manage compliances, address uncertain tax positions, among many others. We provide you with an insight into how to ensure tax compliance, mitigate risks and undertaking transactions in a tax efficient manner. Our multi-disciplinary tax teams help you in corporate tax advisory, compliance, and building an overall tax strategy.
With automotive industry undergoing technology-led transformation, new risks such data protection on the cloud and IT security & privacy threaten to risk long-established businesses. A collaborative approach to risk management led by the first line of defense can be the key to greater organisational resilience and growth. Our automotive risk assurance team works with clients on four fronts – internal audits, IT & project assurance, governance, risk & compliance and third party assurance. PwC also has several proprietary technology tools such as enForceTM, smart Litigation and Business Risk Analytics and Insights Network (B.R.A.I.N) on ongoing controls & monitoring that provide proactive insights for mitigating risks.
Automotive industry in India and globally, is facing challenging fraud risks, such as collusions, policy violations, warranty misuse, resulting in huge monetary & reputational implications. Our forensics team helps in reactive investigations while our proprietary framework ‘Proactive Risk Intelligence Monitoring System’ (“PRIMS”), can help you uncover such risks well in advance. Our services include forensic accounting, financial analysis and regulatory knowledge to clients confronting corporate investigations, litigation and regulatory enforcement challenges. We also offer guidance and assistance with complex technology challenges. Our forensic team has special skills: accountants, financial analysts, technology experts, former law enforcement officials, economists, statisticians, engineers and fraud examiners.
India’s automotive regulatory landscape is dynamic and complex. With regulatory changes around emissions norms, fuel policy, alternative fuels, electric vehicles, safety norms and so forth, it is difficult for our clients to develop the right scenarios. We track key policies, identify key drivers and stakeholders and provide our insights on the regulatory trends and their potential impact on business.
With the government playing an active role in influencing the direction of the automotive industry companies need to stay on top of the key trends & movements. For over 15 years, we have been part of the national and state-level sectoral reform programmes. Working closely with clients in the public sector such as DHI, MoRTH, MoE and EESL, GRID provides services in areas including policy and strategy development, public private partnerships, financial restructuring, service delivery, performance improvement, institutional strengthening and capacity building, accounting and financial management systems and human resource development.
Partner and Leader, PwC India
Tel: +91 22 6119 8735