Apart from emission norms, improving vehicle safety standards has also assumed greater importance over the past few years.

As vehicle prices are expected to increase by approximately 10-12 per cent (post new norms), the industry is likely to witness pre-buying in FY2020, says Shamsher Dewan, Vice President and Sector Head, Corporate Ratings, ICRA Ltd.

Toyota Kirloskar Motor (TKM) has lent a hand to Confederation of Indian Industry (CII) to kick-start the Future Mobility Show (FMS) 2019 at Bangalore Exhibition Centre, Bengaluru.

According to experts, OEMs and OMCs are preparing aggressively for BS VI, since the transition is now mandated by the Supreme Court.

MHCV sales, which rose at a modest ~5 per cent CAGR between fiscals 2013 and 2018, will see a moderate growth of 6-8 per cent CAGR between fiscals 2018 and 2023.

Except for reiterating its commitment to push for electrification of vehicles, there was no major announcement for the automotive industry in interim budget.

The focus of FMS lies on the government’s 7C vision on future mobility in India

Hydraulic systems in steering can drain power from the engine and affect the performance and fuel economy of a vehicle. To overcome this, OEMs are gradually shifting from hydraulics systems to electric power steering (EPS).

Car makers opt for lighter materials such as polymer and aluminium which are not suitable for welding. Hence high-performance adhesives or bonders have a growing demand. Besides, manufacturers design cars using adhesives due to stricter emission norms.