The second half of 2018, the automotive industry witnessed abruption of demand due to factors like high fuel prices, exchange rates, markets volatility and reduction of available finances.

Samvardhana Motherson Auto Systems (SMAS) is the global aftermarket arm of SMG - the $ 10.5 billion group with operations spread across 41 countries.

With the automotive sales zooming, the aftermarket sector is witnessing a boom. The Indian automotive aftermarket , which has grown at a compounded annual growth rate (CAGR) of 14 per cent in the last five years, is estimated to grow at Rs 75,000 crore by the fiscal year 2020, stated a CII report.

Growing investment in infrastructure and increasing automotive sales are driving the demand for lubricants in India. Though mineral oils hold the largest share in the Indian automotive lubricants market, synthetic and semi-synthetic lubricants are expected to grow at a rapid pace in the near future.

There is an effort from electric vehicle manufacturers, who also waiting and planning to invest heavily to develop more advanced, efficient and affordable e-three wheelers after the government comes with a long term policy on green mobility.

While the electric three-wheelers (Li-Ion battery) are at earlier stages of adoption in India, with appropriate policy support, infrastructure creation and incentivisation, EVs will form an important part of the industry, explains Prashant R Ahir, DGM (Business Planning & C.I), Intracity Business Unit, Bajaj Auto Limited.

Hoffmann Group offers quality tools for machining, clamping, measuring, grinding & cutting as well as machining consulting expertise for various industries including automotive & auto component.

The country can become a $1 trillion manufacturing economy provided the government and industry determinedly worked on the target, says Dr Pawan Goenka, Chairman, CII Manufacturing Council & Managing Director, Mahindra & Mahindra Ltd, while speaking exclusively to Manish Pant of IPF.

OEMs are working on manufacturing vehicles that are light in weight, thus consuming less fuel. For example, a 10 per cent reduction in weight can result in 6-8 per cent fuel economy improvement.