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Significance of TQM in price sensitive automotive industry Supply chain efficiency is also very important AUTOMOTIVE sector has been dynamic in inventing new manufacturing strategies owning to prevailing high level of competition. (http://www.eresourceerp.com/Significance-of-TQM-in-automotive-market.html) With this scenario the challenges faced by Original Equipment Manufacturers (OEM) have also multiplied over the years. Customers are demanding individualized final products. This is especially true of the OEM. While the organizations will have some standard base products, the total number of options that they have to offer to the consumers should be plenty. ERP will allow management of these configurations. Through the supply chain there is need for innovation and new product development with much reduced life cycle for development. Hence, the NPI (New Product Introduction) will greatly help in promoting concurrent engineering.