Society of Indian Automobile Manufacturers (SIAM) signed a Memorandum of Understanding (MoU) with its Korea counterpart, Korea Automobile Manufacturers Association (KAMA) on the occasion of Organisation Internationale des Constructeurs d'Automobiles (OICA) general assembly meeting in Mumbai.

There seems to be no end to bad news on the economy front. The country’s gross domestic product (GDP) growth slowed to 4.5 per cent in the July-September 2019 quarter, its weakest pace since 2013.

The P2 drive module and electro-hydraulic control unit will offer improved fuel economy and emissions. This solution will be integrated in the ChangAn’s new transmission.

Automotive industry in India is moving towards adopting e-mobility and clean fuels. Moving ahead electric vehicles (EVs) will dominate the industry as per government’s vision 2030. Considering automotive trend of light weighting and EVs, plastic and high performance plastic usage is estimated to increase.

Over the past three decades, manufacturing scene in the Indian automotive sector has transformed drastically with digital tools being used right from product development stage to final manufacturing.

According to reports, the aggregate revenues of listed automobile players have dropped by 25 per cent in the second quarter.

October started on a positive note for auto industry with news of September 2019 retail sales jumping to 10-month high trickling in. According to Bloomberg-Quint news portal, as per the data from 1,171 regional transport offices in 31 states and union territories,etc.

To push sales, automakers are likely to pass on some benefits of tax revision to the end consumer by lowering product prices.

Auto industry, including commercial vehicles segment, is going through a difficult phase. Against this backgound, Scania aims to continue expanding its footprint in existing segments in India while looking for possible investment opportunities to diversify in other segments.