The rise of electric vehicles is transforming the auto component industry by increasing content per vehicle and creating new opportunities for suppliers, especially in EV-specific parts like batteries and controllers. However, the shift also poses risks to manufacturers reliant on ICE components and faces challenges such as import dependency and...
India’s automotive industry achieved record passenger vehicle exports in FY25, with Maruti Suzuki leading the charge by shipping 332,585 units. Hyundai secured the second spot, while Nissan, Honda Cars India, and Volkswagen also ranked among the top exporters. Looking ahead, both Maruti and Hyundai are set to expand their export...
India’s automobile exports surged by 14% in the first half of the fiscal year, reaching 25,28,248 units, up from 22,11,457 units the previous year, according to the Society of Indian Automobile Manufacturers (SIAM). This growth is driven by strong demand for passenger vehicles and two-wheelers, particularly from markets in Australia,...
With overcoming production limitations and consumer demands, the Indian auto sector is once more seeing growth. Given that the second half of the year is of the utmost significance to the overall health of the automotive industry, it is a crucial time for OEMs, dealers, and customers. The availability of...
Valued at $3.21 billion in 2022, the Indian EV market is expected to grow to $113.99 billion by 2029, at an annual growth rate of 66.52%. Major policy shifts, cost-effective battery production and flourishing infrastructure are expected to be the crucial drivers for growth in upcoming years. With consistent measures...
Prof Veena Kumar, Director, Competitive Edge Consultants, examines the evolving customer behaviour post-pandemic and the response of automotive companies. She advises players to emphasise on empathy, keep costs down, talk to the entire family rather than appealing to individual desires, bring new solutions and prepare for a variable pace of...
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