Automotive Products Finder - June 2019
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Emissions have been a point of concern in India for the last few years. After BS VI’s implementation across the board, electronic fuel injection and engine management system technology adoption is expected to pick up; the benefit for the consumer being improved starting, drivability and lower emissions. This will not just contribute towards a cleaner environment but will also create an avenue for future connectivity. The “Cover Story” focused on how powertrain technologies are changing to meet the requirements for hybridisation and electrification. The demand for lighting, which plays important role in the aesthetics and basic functionality of a vehicle, is directly dependent on the increase in vehicle production. In India, which is one of the leading vehicle markets globally, automotive lighting market is projected to grow at a CAGR of over 12 per cent in the near future, on the back of improvement in vehicle safety standards, advanced features in vehicle lighting systems, and government regulations towards safety & efficiency. The “Special Feature” of APF June 2019 analysed why LEDs are must for automotive lighting in electric vehicles. The two-wheeler industry volume growth might register a 3-5 per cent expansion in FY2020 with the subdued consumer sentiments continuing to weigh on demand in H1FY2020. On the exports front, the growth rate is likely to moderate from FY2019 levels but is expected to remain healthy. Over the medium to long term, the 2W industry is expected to report a volume CAGR of 6-8 per cent, says the author in “OEM Corner”.
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