Indian Automotive Industry is one of the fastest growing in the world. In global ranking, Indian Automotive Industry has gone several notches up in the last one decade and currently counts as the fourth largest in the world.

Following the Paris agreement in 2015, India announced its commitment to reduce its emission intensity by 2030.

With automotive industry transforming into more digitally advanced industry, connected cars have been a reality today. There’s a big shift going to take place in automotive industry.

Silicon Carbide to make hybrid and electric vehicles more efficientEfficiency in power conversion is critical for the deployment and adoption of new energies, including solar and battery-powered applications.

Though India accounts for just 2 per cent of automotives globally, it is responsible for more than 11 per cent of road traffic deaths. In 2018 alone, around 149,000 people lost their lives on Indian roads.

With rising awareness, every consumer today is India wants safety features to be a standard fitment in the vehicle. While cost of the vehicle may go up due these new fitments initially, Prashanth Doreswamy, Country Head of Continental India and Managing Director, Continental Automotive India, believes prices to come down gradually as safety installations increase.

As per the World Resources Institute, India has the worst safety record in the world. Around 149000 people lost their lives on Indian roads in 2018 alone.

According to a new market intelligence report by BIS Research, titled- ‘India Electric Vehicle (EV) Ecosystem Market - Analysis and Forecast 2019-2030’, the India EV ecosystem includes three major sectors, namely electric vehicle market, battery market, and charger market.

With industrial paints, coatings and varnishes sector has experienced a shift from unorganised to the organised market with the GST introduction and aimed for a better market due to GST cut.