The Australian Automotive Aftermarket Association (AAAA) is urging the government to act on manufacturing funding commitments to the grow and foster competitiveness within the automotive manufacturing industry.
“Our manufacturing industry needs clear action now to ensure we can continue to innovate and compete on the global stage,” said CEO of the AAAA, Stuart Charity.
Funding would help overcome existing challenges in the sector, including global supply chain disruptions, technological advancements in ADAS and EVs, and increasingly harsh regulations.
“Our industry is navigating complex challenges, and the promised funding could provide crucial support in adapting to these changes. However, without clear guidance and timely allocation, these opportunities remain out of reach,” said Charity
The automotive manufacturing industry is particularly concerned about the complexity of eligibility requirements, which often exclude small and medium-sized businesses with innovative ideas.
“The Honourable Tim Ayres, who is the new Assistant Minister for a Future Made in Australia has a chance to be a real advocate for the automotive manufacturing industry, which contributes so much to Australia’s economy,” said Charity.
Gino Ricciuti, chair of the Australian Automotive Products Manufacturers and Exporters Council (APMEC) has echoed the AAAA’s call for funding commitments.
“Our industry is ready to evolve into the EV space producing global quality products as we have always done, but we need a plan to ensure the government and industry are on the same page,” said Ricciuti.
“If we want manufacturing to continue to thrive it is vital that a clear automotive manufacturing roadmap is developed in partnership with the federal government.”
The AAAA has written to the new minister seeking action regarding the Future Made in Australia Fund, and will continue to campaign on behalf of its manufacturing members.