Indian Automotive Industry one of the largest in the world contributes around 7% to Indian GDP and enjoys 100% FDI through automatic approval route. The industry is also set to become an production hub for other countries. Its exports have been growing up - with significant contributions from Hyundai, Maruti, Ford and Nissan. Now General Motors is also planning to invest exclusively for export market. The industry is also evolving to move from IC engines to electric and hybrid vehicles, stricter anti-pollution norms and tougher measures on parking space. However, it is set and growing at 10% to 12% over the past years.
Indian automotive industry is present as clusters in North - Gurgaon, Tapukara in Rajasthan, Uttaranchal, Pithampur belt in Madhya Pradesh, Pune in Maharasht Read More
Seat-belts and airbags are safety features available in most current generation cars. However, unfortunately these are not available for kids and expose them to danger. To provide them safety, Maxi-Cosi and mobile airbag company Helite has launched the first child seat with built-in airbags, branded as AxissFix Air. The airbag is suitable for children aged between four months and four years and it has Isofix tethers, a 360-degree rotating base and two small airbags (which could be triggered by sensor in 0.05 sec) mounted in the shoulder pads of the seat. Read More
Automotive industry - facing onslaught from various directions like anti pollution measures, tectonic shift to electric vehicles has ended the FY 2017-18 on a positive note. The industry produced a total 29,075,605 vehicles including Passenger Vehicles, Commercial Vehicles, Three wheelers, Two Wheelers registering a growth of 14.78 percent over the same period last year. Its domestic sales grew by 7.89 percent in April-March 2018 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicle and Vans grew by 3.33 percent, 20.97 percent and 5.78 percent respectively in April-March 2018 over the same period last year.
The overall Commercial Vehicles segment grew by 19.94 percent in April-March 2018 as compared to the same period last year. Medium Read More