While the industry has been stressing on its long-standing demand for a cut in GST rates on automobiles, we take a closer look at the trends that have influenced this slowdown as well as those that will play a larger role over the near term. Auto Tech Review caught up with Rajeev Singh, Partner, Deloitte Touche Tohmatsu India LLP to understand about the downturn that has dented automotive sales in a big way.
TRACING THE SLOWDOWN
The prevailing domestic slowdown is not a result of any recent developments and has been building up over a period of time, triggering the situation the auto industry is currently facing. According to various industry experts, the factors that have been influencing the slowdown have not only been building up over the years but are also multi-dimensional in nature.
One of the dimensions is that of automotive dealers, who are an important stakeholder in the entire ecosystem. Over the last three to four years, the dealer community has been hit every year – it all began with demonetisation that impacted the way dealers dealt with the market. Tax reforms such as GST also impacted the increase in working capital requirements of the dealers. Further, the cash crunch from non-banking financial companies (NBFCs) is also impacting automotive dealers. In fact, the dealer community has been impacted year-on-year. Simultaneously, they have also been striving to make course corrections. As opposed to the previous amount of inventory being held by dealers before the arrival of the slowdown, dealers are now trying to hold lesser stock. This also explains why wholesale numbers have taken a hit, as someone in the value chain is shrinking their inventory holding.
هذه القصة مأخوذة من طبعة October 2019 من Auto Tech Review.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 2019 من Auto Tech Review.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Sound Generation For Enhanced Road Safety
With an ever-increasing number of fully electric and hybrid vehicles entering the market, we are witnessing a change in the acoustic experience in and around the car. The silent nature of the electric powertrain means that other road users miss the familiar acoustic cues that warn them of an approaching vehicle. To remedy this situation, Harman is working on various noise management solutions.
OBJECTIVE ASSESSMENT OF THE SAFETY CONTRIBUTION OF TODAY'S AUTOMOTIVE HEADLAMPS
Good lighting makes a major contribution to road safety. In 2011, the International Commission on Illumination (CIE) presented an evaluation system for headlamps that can objectively assess the quality of illumination and glare limitation. New light sources like LEDs and lighting functions (glare-free high beam, partial high beam) have been available for several years, so that an extension of the proven CIE method is necessary, which takes into account, among other things, changed switch-on and service lives of new lighting functions and represents a generally understandable evaluation system. An evaluation system presented in the following by the Technische Uni versität Darmstadt, which was developed by an encompassing expert commission, is intended to provide representative data and enable an objective evaluation of headlamp performance.
RAPIDO RE-INNOVATES TO CATER TO POST COVID-19 LAST MILE CONNECTIVITY
The rapid pace of urbanisation in the country has witnessed cities expanding and subsuming surrounding villages and smaller towns, evolving into Tier II and III cities.
FUNCTIONAL SAFETY STANDARDS TOP PRIORITY FOR FUTURE AUTOMOTIVE DEPLOYMENT
Increasing levels of electronic content in vehicles result in a large amount of software that is required to run the scenes behind the mechanical aspects of a vehicle. Electronic systems in automobiles are part of every section, from the powertrain to comfort and convenience systems as well as all types of safety equipment. This makes electronics and the software running these systems a critical part of the equation for future mobility solutions. In addition, putting standards in place to measure methods of developing, testing and functioning of such electronic systems also becomes highly relevant.
“BYD'S EV STRATEGY TO ENCOMPASS MOST FORMS OF TRANSPORTATION NEEDS IN INDIA”
The country’s electric vehicle (EV) ecosystem is grappling with a plethora of challenges even as it is striving to wriggle itself out of the ‘nascent stage’ tag. In an exclusive chat with Auto Tech Review, Zhang Jie Ketsu, Executive Director, BYD India shares his perspective on the current EV scenario and how the company intends to progress faster in the Indian automotive industry
SAFETY IN ELECTRIC AND AUTONOMOUS CARS – SIMULATION OF COMPLEX CRASH SCENARIOS
Electric and autonomous vehicles allow for novel seating arrangements and packaging strategies, presenting new safety challenges. Physical crash testing must be supplemented with virtual simulation to ensure vehicle safety on shorter development cycles. With its Simcenter Madymo MBS software, Siemens provides improved runtimes and the Active Human model, enabling accurate and rapid occupant safety analysis in complex crash scenarios.
KIA SONET – A MIGHTY OFFERING IN THE COMPACT SUV SEGMENT
It wouldn't be wrong to say that Kia Motors India has taken the Indian market by storm in less than 12 months of its presence in the market.
NISSAN'S NEW DIRECTION: ARIYA ALL-ELECTRIC
Marking a key milestone in Nissan’s transformation strategy, Ariya ticks a lot of boxes highlighting the strengths of the global automotive giant.
BETTER SAFETY WITH EMERGENCY BRAKE ASSIST FOR MOTORCYCLES
Rear-end collisions with a slower vehicle suddenly cutting into the lane and intersection accidents with cross-traffic are among the most frequent motorcycle accident types. Continental is now developing an emergency brake assist, which detects an imminent collision with a vehicle ahead or with an obstacle, warns the rider and supports him during braking
ADAS WILL SERVE AS CATALYST FOR IMPROVED VEHICLE SAFETY
The automotive industry across the globe is increasingly focussing on safety.
