Strong growth in vehicle demand due to rising income, middle class, and a young population is likely to propel India to be the third largest automotive market by volume in the world by 2020. South India, in particular, is expected to contribute at least a third of the output and about 40% of new investments. Strengthening the infrastructure and the competitiveness of the component sector will go a long way to support the growth of the automotive industry here. This region can be promoted as the most favoured destination for R&D in hybrid, and e-vehicles. With its software capabilities, it can be projected as a centre of excellence for autonomous driving technologies, Vikram Kirloskar, Chairman, CII – Southern Region, told Bhargav TS of Auto Components India in an exclusive interview.
Q: How do you see the current situation of the automotive industry in South India?
Kirloskar: The growth of the automotive market in the country is attracting more investment in production capacities in South India in particular. India has become the fourth largest vehicle market.The total vehicle sales during January-May this year was over 1.6 million units but we have a lot of headroom for growth as there are only 32 vehicles per 1000 people compared to around 800 vehicles per 1,000 people in the US. This makes it a very nascent market compared to other geographies and hence leaves immense scope of growth which attracted many players like Peugeot, Kia and SAIC.
Additionally strong growth in demand due to rising income, middle class, and a young population is likely to propel India to be the third largest automotive market by volume in the world by 2020. South India in particular is expected to contribute at least a third of the output.
Q: How do you see the growth in the Southern region in investments, employment and new business?
Denne historien er fra August 2017-utgaven av Auto Components India.
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Denne historien er fra August 2017-utgaven av Auto Components India.
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RENESAS UNVEILS MULTI-DOMAIN SOC.
Renesas Unveils 5th-Generation Multi-Domain SoC for ADAS, Infotainment and Gateway Systems
BORGWARNER SECURES NEW HVCH PROGRAMS
BorgWarner has secured three significant business wins for its High Voltage Coolant Heater (HVCH) technology, expanding its reach in the Chinese, Korean and Japanese electric vehicle markets.
RESHAPING REALITY
Abhiyantriki, the 26th annual technical fest of K J Somaiya School of Engineering at Somaiya Vidyavihar University, took place at its Mumbai campus under the theme ‘Reshaping Reality’, focusing on futuristic innovations and real-world problemsolving.
CONTINENTAL TIRES INDIA CELEBRATES CONTINUED PREFERRED PARTNER STATUS
Continental Tires India reaffirms its dedication to customer-centric solutions and operational excellence through its sustained partnership with Mercedes-Benz AG.
ACMA IAUTOCONNECT 2024
The Automotive Component Manufacturers Association of India (ACMA), hosted the ninth edition of its premier buyer-seller event, iAutoConnect, at Yashobhoomi in New Delhi.
4TH ACMA AUTOMOTIVE RAW MATERIALS CONCLAVE
The 4th Automotive Raw Materials Conclave focused on automotive innovations and sustainability in nonferrous materials, writes Richa Tyagi.
MOBILITY PLAYSETS
Even as the Indian automobile industry touches new heights and innovations, it is the commercial mobility play sets that continue to be a major draw. It is a good starting point for the next generation, writes Prajakta Chavan Rane from her plant sojourn.
SUSTAINABILITY AS STRATEGY
In an Industry Talk session, Satyakam Arya Managing Director and CEO, Daimler India Commercial Vehicles spoke to Ashish Bhatia on integrating sustainability into the overall business strategy.
EMBRACING SHOPFLOOR AUTOMATION
In manufacturing, where precision, efficiency, and cost-effectiveness are paramount, Mahindra Mahindra has embraced shopfloor automation as a cornerstone of its strategy
FREUDENBERG EXPANDS MANUFACTURING FOOTPRINT
Freudenberg opens two state-of-the-art manufacturing plants in Morinda, marking its largest investment in expanding the manufacturing footprint in India, writes Richa Tyagi.
