The Indian auto industry accounts for 7.1 percent of the country’s GDP and is poised to become fourth largest auto market globally by 2020 after China, the US and Japan.

While internal combustion engine (ICE) presently dominates the global mobility, the demand for efficient emission reduction technology is on the rise

In conversation with Rakesh Rao, Kadam says that Schaeffler sees big opportunities in the country in areas of automotive and other sectors like wind energy, railways, steel, etc.

The overall electric vehicles (EV) demand is expected to help utilities earn an estimated $ 11 billion (Rs 700 billion) in revenue by 2030,

Clutch plays an important role in the transfer of power from engine to transmission and then to the wheels. Setco Automotive, one of the leading suppliers of clutches,

The overall electric vehicles (EV) demand is expected to help utilities earn an estimated $ 11 billion (Rs 700 billion) in revenue by 2030, according to a study jointly conducted by The Associated Chambers of Commerce and Industry of India (Assocham) and Ernst & Young LLP (EY).

Facing heavy competition from China, while being heavily dependent on imports, the Indian tooling industry needs to gear up significantly to cater to customer and OEM demands.

While EVs are touted as the future of Indian mobility, analysts Rudranil Roysharma and Aditya Ravindran of Feedback Business Consulting point out the benefits of using methanol as a green fuel source.

With the deadlines inching closer, demand for certain technologies are gaining prominence, which is forcing the auto industry to be ready and be upto scale. Be it BS VI norms, electrification or technology disruptions in terms of IoT, much like a universe, the industry is expanding from all sides. The Indian automotive industry has been through some major upheavals, but none like the recent couple of years. From financial to technological disruptions, the industry, which comprises of a healthy blend of OEMs and tiered suppliers, has been either scrambling or sailing smoothly through the tides of change. Certain trends prove to be beneficial to some manufacturers while some others will be washed away with the tides of change.