Indian automotive industry is currently struggling through a tough time due to low demand while the rise in domestic raw material prices of steel has added fuel to the fire.

The automobile industry is an important driver of economic growth in India and one of the successful sectors in which India has high participation in global value chains.

Cost pressure on auto manufacturers is leading to increase in demand for optimised designs to save on soft material (fabric, leather, etc) consumption in early stages of the product lifecycle.

Plastic parts made via the injection moulding process compose a significant portion of a vehicle’s design. With electric vehicles (EV) gaining traction, there is an increased focus on developing new products using lightweight materials, which in turn will drive the demand for moulded parts.

A host of factors such as over-capacity, slowing economic growth, soft freight rates, rising ownership and operating costs, etc has impacted the sales of commercial vehicles (CV) over the past few quarters.

Daimler India Commercial Vehicles (DICV) showcased its readiness to the new emission norms of Bharat Stage VI which will be effective from April 2020, in a Sneak Preview event held in Chennai.

Joy Haria, Head - Marketing and New Business, Patel Auto Engineering Works, while sharing his views on the effects of BS VI regulation, slowdown and export trends.

Automotive industry is experiencing a slowdown and government is to issue safeguard duty over high-quality steel imports.

The company will be expanding to 10 cities in India in the next 6 months and increase its partnerships with automotive dealers, banks and NBFCs.