Hyundai Motor India - Chennai has been crowned with the "Indian manufacturer of the year award" at the 13th iteration of the 'India Manufacturing Excellence Awards (IMEA) 2016' organised by Frost & Sullivan's.
The runner-up position went to Mahindra & Mahindra - Igatpuri. This year the Manufacturing Excellence awards were presented to 27 companies under three major categories.
The three important categories are Indian Manufacturer of the Year Award, Future Ready Factory of the Year Award and Gold Awards.
The Future Ready Factory of the Year Award in the automobile sector went to Toyota Kirloskar Motor, Bengaluru.
The Gold Award in the automotive sector (Mega Large Business) was won by Eicher Motors - Royal Enfield (Oragadam). Runner-up position in this category went to Tata Motors CVBU (Pune).
In the Medium Business category the Gold Award was won by Mahindra & Mahindra, Plant 2 of Nashik. Director, Manufacturing & Process Consulting Practice, Frost & Sullivan. Nitin Kalothia said, "Manufacturing is the key driver of economic prosperity and creates more wealth than any other industry."
He added, "The current challenges of low demand, increasing raw material, and labor cost require organisations to adopt advanced manufacturing practices to become efficient and remain competitive."
He further said, "Adoption of right technologies to take companies to next level of performance, efficiency, and quality will be crucial to sustenance."