Indian Automobile Industry Valuation in 2022-23
Auto Components India|August 2023
As per a Primus Partners study, the automobile industry produced worth Rs.8.7 lakh crore (~USD 108 billion) in 2022-23. Ashish Bhatia links it to the components business.
Ashish Bhatia
Indian Automobile Industry Valuation in 2022-23

Primus Partners Pvt. Ltd. in its latest study hailed the automobile industry for registering an "astounding employment figure". As per the study, the industry employed over 1.9 crore as a testimony to it occupying paramount importance in the economy. The study, known to be focused on both the policy perspective as well as the business perspective, was surveyed to assess the value being produced by the automobile industry. Against the backdrop of the changing dynamics of the industry led by transitions to green mobility alternatives, it highlights the green power trains, the rise of electronic components and software, autonomous driving and shared mobility. The report stresses the need to understand the value, the as-is landscape and the change in the offing. Claimed to be a ground-up study, it ascertains the value of the Indian automobile industry and key segments where suppliers play an active role. Drawing attention to the report titled 'India's Automobile Industry Is Valued at Rs.8.7 lakh crore', Anurag Singh, Managing Director, Primus Partners India, said, "Our ground-up study on Automobile industry value is leading to a lot of insights, for example, the Indian market is bypassing the lower priced products and more value is being created in feature-rich higher priced vehicles. We believe that the value growth is happening faster than volume growth."

Bu hikaye Auto Components India dergisinin August 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Auto Components India dergisinin August 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

AUTO COMPONENTS INDIA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
BUSWORLD SOUTHEAST ASIA: A PREVIEW
Auto Components India

BUSWORLD SOUTHEAST ASIA: A PREVIEW

The third edition of Busworld Southeast Asia 2024 assures a blend of comfort, innovation, and sustainability this year,

time-read
2 dak  |
April 2024
INDIA RUBBER EXPO 2024: THE RUBBER INDUSTRY LANDSCAPE
Auto Components India

INDIA RUBBER EXPO 2024: THE RUBBER INDUSTRY LANDSCAPE

In the fast paced metropolis of Mumbai, the towering skyscrapers and bustling streets made for a perfect backdrop to the India Rubber Expo 2024 (IRE 2024). Hosted by the All India Rubber Industries Association (AIRIA), this biennial spectacle aimed to reshape the rubber industry's landscape, both at home and abroad write Aditya Sharma and Upendra Kasbekar.

time-read
5 dak  |
April 2024
NO SILVER BULLET
Auto Components India

NO SILVER BULLET

In an upfront conversation, Akshay Kashyap, CEO and Managing Director of Greenfuel Energy Solutions Pvt. Ltd. shares his thoughts on the future transport fuel with Deepti Thore.

time-read
4 dak  |
April 2024
GREEN GAS SYSTEMS AND STORAGE
Auto Components India

GREEN GAS SYSTEMS AND STORAGE

Greenfuel Energy tops the list for reliable clean gas systems and energy storage solutions. Deepti Thore highlights its market acceptance.

time-read
4 dak  |
April 2024
INDIA EVS COST LESS OVER LIFETIME BUT FACE UPTAKE HURDLES
Auto Components India

INDIA EVS COST LESS OVER LIFETIME BUT FACE UPTAKE HURDLES

The lifetime costs of electric vehicles in India are less than those of Internal Combustion Engine (ICE) models across most vehicle segments. This facilitates adoption, especially for low-speed two- and three-wheelers as per the findings of BloombergNEF’s latest report, writes Ashish Bhatia.

time-read
2 dak  |
April 2024
WIDE-BODY DUMP SERIES
Auto Components India

WIDE-BODY DUMP SERIES

Allison Transmission has developed the Wide-Body Dump series for Heavy-Duty off-road applications. Ashish Bhatia looks at the advanced attributes that will come into play.

time-read
3 dak  |
April 2024
AUTOMATED COMMAND STEERING FUNCTIONS
Auto Components India

AUTOMATED COMMAND STEERING FUNCTIONS

The Government of India wants a permanent agency to expedite the publication of standards and development of test facilities in parallel,

time-read
5 dak  |
April 2024
CHARGEQ EV ECOSYSTEM
Auto Components India

CHARGEQ EV ECOSYSTEM

ChargeQ is building the EV ecosystem with unique offerings for emergency charging and an emphasis on grid balancing,

time-read
2 dak  |
April 2024
NIPPON MASTERCRAFT FOR THE LUXURY SEGMENT
Auto Components India

NIPPON MASTERCRAFT FOR THE LUXURY SEGMENT

Nippon Paint India, the leading paint and coating company in the Asia Pacific has launched an aftermarket one-stop shop brand Mastercraft.

time-read
4 dak  |
April 2024
ATMA SPOTLIGHTS TYRE INDUSTRY TRENDS
Auto Components India

ATMA SPOTLIGHTS TYRE INDUSTRY TRENDS

At the ATMA Annual Conclave, stakeholders of the tyre industry deliberated on greater sustainability and the adoption of emerging technologies to enhance productivity, writes Richa Tyagi.

time-read
7 dak  |
March 2024