The global automotive composites market, valued at $ 6.81 billion in 2016, is projected to reach $ 13.14 Billion by 2022, at a CAGR of 12.26% between 2017 and 2022, according to MarketsandMarkets (MnM) report.

With the new engineering center in Pune, International Automotive Components (IAC), a leading global supplier of automotive components and systems (including interior and exterior trim), aims to deliver innovative vehicle interiors to Indian customers and expand its footprint in the country’s automotive industry. Automotive interior components’ supplier, International Automotive Components (IAC) recently opened a new regional and global engineering centre (GEC) in Pune to support vehicle interior needs of domestic and global customer programs. With this new centre, IAC has increased its presence in India to six locations.

…says Sriram Viji, Deputy Managing Directror, Brakes India Pvt Ltd, a TVS group company in the automotive component space. With its partner, the German-American auto parts maker ZF TRW, the company is focusing on bringing in latest braking technology and locatisation in India.

Not just for the sake of regulations but for the need to make vehicles more fuel-efficient and safer, automakers are racing against time. Lightweighting is a concept whose time has come. This was more than evident at the 17th Auto Shanghai trade show that took place in April this year with most of the leading vehicle and automotive component manufacturers putting on display products.

Furthering initiatives for an enhanced customer purchase experience around its popular range of ACE Small Commercial Vehicles (SCV), Tata Motors recently hosted its ‘Small Commercial Vehicle Application Expo’ – ‘Har Business ka Ace’ in Mumbai, Jaipur, Udaipur, Bhubaneshwar, and Bikaner among the 44 cities where the Expo will take place.

The Bajaj V15 launched in February 2016. The bike is positioned as a premium commuter in the Indian two-wheeler market while the biggest selling point is that some part of its metal is sourced from the legendary INS Vikrant warship, India’s first aircraft carrier that played a significant role in India-Pakistan wars.

A recently released study by ICRA Research Services predicts good growth for turbocharger manufacturers. Subrata Ray, Senior VP, Co-Head Corp Sector Ratings, ICRA, outlines the reason for this potential.

Earlier this year in February 2016, Bajaj Auto launched the Bajaj V15 in India. The bike is positioned as a premium commuter in the Indian two-wheeler market while the biggest selling point is that some part of its metal is sourced from the legendary INS Vikrant warship, India’s first aircraft carrier that played a significant role in India-Pakistan wars.

Reducing vehicle weight is considered a straightforward way to improve fuel efficiency.