Auto Expo 2014: ACMA organises National Conference on ‘Meeting Challenges of Exports: Product Liability, Warranty & Recall

With the aim of providing the participants drive a deeper insight into the implications and lessons learned on risk management, engineering best practices and crisis strategy, the apex body, Auto Components Manufacturers Association of India (ACMA) organised a National Conference on Meeting Challenges of Exports: Produc Liability, Warranty & Recall in New Delhi.
The conference, according to ACMA, was organised on early last week, was with a view to drive a deeper understanding for participants on global standards, processes and strategies.
This Conference, which was held at the Holiday Inn, Mayur Vihar was inaugurated by the Joint Secretary Department of Commerce, Ministry of Commerce and Industry, Ravi Capoor. The conference was addressed by eminent speakers from various firms including Bharat Forge, Anand Automotive Group, Cummins India Ltd, Global Autotech Ltd, Avocado Rechtsanwälte, Germany, Supply Chain Services International, LLC and AON Global Singapore (Insurance Brokers) who addressed the following topics, namely, Importance and Relevance – A perspective from IPO Forum, Risk Indemnification and Insurance Clauses – Review and Compliance and Minimising risk through Insurance to name a few.
Major fillip
This initiative was part of ACMA’s target on export promotion and to provide a fillip to the Indian community at large for auto components. With rising exports and interdependence of global trade, the demands for product liability and product recall insurances are expected to become increasingly crucial and essential to the supplier community. Apparently, this is because legal liability is imminent in every product that they sell. It is therefore important to strategically avoid and manage legal hazards related to claims of non-performance of vehicle parts and systems.


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