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

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.

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.