When Wuhan in China becomes the epicentre of Coronavirus, the crisis brought a watershed moment for the automobile sector of India, which outsources various components from the world’s largest manufacturing hub. In this article, Manav Kapur talks about how India can use the crisis as an opportunity.

India has seriously considered low-emission sustainable roadmap which supports development and building infrastructure for electric vehicles (EVs).

This article talks about how India can unleash potential of the auto component industry.

The Government of India and Indian automotive industry’s vision plan referred to as ‘Automotive Mission Plan 2016-26 – AMP 2026’ highlights that the automotive industry with a growth at CAGR of 13 to 15 per cent will have an output of Rs 16,160 billion and Rs 18,895 billion in 2026

Increasing vehicle production along with proliferating consumer preference for comfort and fuel-efficient vehicles will propel growth in the automotive wheel market.

Auto component manufacturers need to get competitive in order to leverage the full potential of a market that is bound to register healthy growth over the next 20 years, a spokesperson at one of India’s leading filter manufacturers said in an interaction with APF’s Manish Pant.

With automotive industry transforming into more digitally advanced industry, connected cars have been a reality today. There’s a big shift going to take place in automotive industry.

India has significant market potential for EVs. Although we are still in the infancy of adoption of EVs, with the changes in the technology landscape as well as the clear vision set by the Indian government.

With new technology advances in auto sector, component manufacturers are also evolving as competitive manufacturers.