Automotive Products Finder - October 2019
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Indian automotive industry is currently struggling through a tough time due to low demand while the rise in domestic raw material prices of steel has added fuel to the fire. Many from the industry believe that the upcoming deadline to comply with BS VI norms amid such time will worsen the situation. “Cover Story” of APF Oct 2019 discusses effects of slowdown in the auto industry on the metalworking. Considering the great potential of the two-wheeler (2W) and three-wheeler (3W) segment, the government is targeting 30 per cent electric vehicles (EVs) on the roads by 2030. Going by the current rate of 7-8 per cent CAGR growth in automobile sales, over 46,000,000 vehicles (2W, 3W and 4W) could be sold in 2030. This annual market size would present an opportunity for Indian companies to become leaders in EV technology on a global scale. “EV Cover Story” takes a close look at the evolving and thriving electric two- and three- wheelers segment and discusses its way ahead. Interiors play an important role in vehicle design as it can help in reducing reduce stress and increase safety of the driver and co-occupants. Often, interior comfort plays an important factor in choosing a vehicle. “Special Feature” talks about how seamlessness integration between the traditional products and electronics inside the car is triggering changes in materials, design and functionality of the interior components.
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