The Indian automobile market poses great challenges but it is one of the most exciting markets. This is simply due to the fact that these challenges do create uncertainties but at the same time provides lot of opportunities to innovate and create new ideas to achieve future goals.

The central government, state government and the indian automotive industry together have undertaken the NATRiP initiative to establish state-of-the-art research and testing facility.

For passenger car players, there is a huge opportunity in terms of sales. Also, many international players have plans to set up their manufacturing units in India to cater to domestic and international markets.

Indian casting production is expected to grow at a CAGR of 12.7 per cent from 2018 up to 2023. The foundry market is linked directly with the development of the overall automotive sector.

There is a significant shift in the patterns and consumers are looking at EVs as a serious and safe alternative to petrol vehicles, informs Nagesh Basavanhalli, Managing Director & CEO, Greaves Cotton Limited.

Technologies are definitely going to turn the industry upside down and take it for a ride. It is not just one technology or trend but the coming together of several technologies that is shaping the industry.

Keeping the commitment to road safety intact, greater emphasis would be on crash and accident avoidance technologies.

Safety and emission norms such as CAFE, BNVSAP, etc., have driven manufacturers to improve the standard of their products.

The Global New Car Assessment Programme aims for a world without road injuries, and has a vision of seeing all new cars in production exceeding minimum UN crash test standards by 2020. it also promotes vehicle safety technologies with proven effectiveness and encourage their accelerated use across the globe by increasing consumer awareness and where appropriate by supporting mandatory application.