As electric vehicles continue to receive a significant push, the quintessential automotive sector still rallies strong in various categories, ranging from manufacturing to logistics. With major market players continuing to innovate and new market players entering India, the sector is surely bound to witness excellent continual growth. Our job at The Brief? To help you keep track of the growth and opportunity which comes with it in the sector.
Necessity is surely the mother of invention and adaption. And with that context, the story for the auto components manufacturing sector in India (or by that logic, any manufacturing-oriented sector) would have not accounted for the antagonistic coronavirus pandemic, which holds the propensity to change various dynamics, interests, policymaking, and a fine-tuned regime for the future. But before…
India continues to provide a favorable manufacturing environment for auto components, with the domestic industry catering to various OEMs in terms of producing engine parts as well as non-engine parts for 2/3/4 wheelers, passenger vehicles, heavy vehicles, and so on. India is also home to dedicated hubs in auto components manufacturing, which has further contributed its status as one of the large…
The policy, primarily aimed at stimulating the automotive industry which has been in a slump for the past decade, seeks to remove outdated vehicles older than 15 years off-road thereby boosting up production. As for the energy-efficient appliances, OEMs (original equipment manufacturers) would require to redesign products to facilitate easy recycling. The government has proposed that such pro…
The Indian auto-industry has been at it with the Government for a few months now – with different Ministries and Government bodies proposing varying diktats on one hand to the counter coming from the industry either in the form of aggressive public statements by its leaders or with the latter throwing up its hands after having pulled on the empathic chords of unemployment caused by some of…
India’s auto sector is reeling from a slowdown like never before. Passenger vehicle sales fell for eight straight months until June, and in May sales dropped 20.55% – the sharpest recorded fall in 18 years. Sales across categories, including passenger vehicles and two-wheelers were down nearly 19% in July 2019, according to data released by the Society of Indian Automobile Manufacturers (SIAM)…