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."
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Denne historien er fra August 2023-utgaven av Auto Components India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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ZF LIFETEC ELECTROMECHANICAL SEAT BELT RETRACTOR
ZF LIFETEC has unveiled its advanced e. Locking seat belt technology. Claimed to be a major innovation in occupant safety tailored for semi-autonomous and future autonomous vehicles.
THE UNION HEALTH MINISTRY IS MONITORING HMPV CIRCULATION
India's ICMR has detected two cases of Human Metapneumovirus (HMPV) in Karnataka through routine respiratory illness surveillance.
EBERSPAECHER'S VISION FOR INDIA'S EVOLVING BUS AND COACH SEGMENT
Eberspaecher's strategy to become a key player in India's HVAC and climate control sector, driven by sustainable solutions is outlined in an exclusive interview with KP Singh, Managing Director of Eberspaecher India, writes Upendra Kasbekar.
INDIA'S MOBILITY LANDSCAPE
J P Nair, Managing Director, VIS Group, shares insights with Richa Tyagi, on the evolution of the TrafficInfraTech Expo, highlighting its role in revolutionising India's mobility landscape.
BRAKE WEAR TESTING: CORRELATION BETWEEN VEHICLE AND DYNAMOMETER TESTING (PART 1 OUT OF 3)
This research focuses on reducing the mileage of open-road brake tests by simulating brake patterns on dynamometers, writes Fabio Squadrani, Senior Manager, Braking Systems in Applus IDIADA.
AUTO GLASS SPECIALIST
Fuyao Group is a specialised glass supplier for the automotive industry. As a major supplier to leading manufacturers, the company is driving new trends in the sector, writes Ashish Bhatia.
BATTERY SWAP INFRASTRUCTURE IN INDIA
As India's EV ecosystem evolves, battery swap infrastructure is emerging as a crucial component for efficient and rapid charging, writes Upendra Kasbekar.
DRIVING INDIA TOWARDS A SAFER AND MORE SUSTAINABLE FUTURE
The Scrappage Policy is a golden opportunity to reshape the future of India's commercial vehicle industry, writes Satyakam Arya Managing Director & CEO, of Daimler India Commercial Vehicles.
THINKING MOBILITY DESIGN
Design Thinking is not new but it's the growing adoption that's encouraging. The World University of Design is a testimony having emerged as India's premier design-focused university, writes Richa Tyagi.
GEN ALPHA IS RETHINKING AUTOMOTIVE
The practical science orientation at schools has helped build a student pool that is more in sync with the real world. The bunch of Gen Alpha is rethinking automotive application, writes Ashish Bhatia.
