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.

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.

Dassault Systèmes recently announced that Mahindra Electric Mobility has deployed SIMULIA family of applications to drive innovation and efficiency through digital simulation for all existing electric vehicle (EV) models and in their recently expanded product portfolio in electrifying existing Mahindra & Mahindra models at the 3DEXPERIENCE Forum 2019.

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

DICV has invested around Rs 500 crore to localise its EURO VI technology for India, completing two million kilometres of testing, developing new facilities and over 1000 new parts, and achieving an outstanding localisation rate above 80 per cent on its products.

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.

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.

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.