Speed breakers such as the third COVID-19 wave triggered via the spread of the Omicron variant in India as well as rising commodity prices might decelerate the automobile industry's recovery.

The auto components industry is poised for a 10- 15 per cent growth in fiscal 2022, following a 3 per cent slide in FY21 during peak Covid pandemic, according to Sunjay Kapur.

Ind-Ra revised auto volumes growth forecast to 12%-16% YoY from the initial forecast of 16%-20% YoY. The downward revision is due to a revision in the growth forecasts for 2Ws and PVs.

Auto industry body SIAM has said that the rising fuel prices will have a negative impact on the automobile industry by hitting vehicle demand. It will also add to the overall inflationary pressure.

Welectric embarks on a new partnership with Okinawa Autotech, as the rental firm plans on adding over 2,000 electric two-wheelers to its existing fleet of 150.

With auto sales dwindling, the forging industry has witnessed an average slowdown to the tune of 25 -30 per cent as the auto sector accounts for 60-70 per cent of the forging production.

The two-wheeler industry volume growth might register a 3-5 per cent expansion in FY2020 with the subdued consumer sentiments continuing to weigh on demand in H1FY2020.

Safety and emission norms such as CAFE, BNVSAP, etc., have driven manufacturers to improve the standard of their products.

Though September 2018 was muted for passenger vehicles due to factors such as high base effect and rising fuel prices, the industry remains optimist for the rest of the year with the upcoming festive season expected to give a boost to PV sales.