Promising beginning ACI Awards 2017. It is a dream come true for the little over three-year old Auto components India (ACI), your media partner. Though the gap between the announcement for nominations and the closing date for the jury meet was very narrow, we are extremely delighted to say that the beginning was very promising. There were a good number[Read More…]
Setting benchmark Since a few years, both the organised and unorganised players (independent part dealers and small garages) have made great strides in the automotive aftermarket sector. After the economic slowdown of FY12, and the consequent dip in volume growth of automotive OEMs, the focus has been on growth in the aftermarket as a business imperative to maintain growth and[Read More…]
Cleansing Effort The demonetisation of the Rs 500 and Rs 1000 notes by the Government of India, aiming mainly at black money and counterfeit notes, is expected to cleanse the formal economic system. In an awfully heterogeneous society as in India the move has several unintended, unforeseen and unplanned consequences. There will be a definite slow down in the economy,[Read More…]
Testing Times After my recent visit to Europe and China I have realised that the global automotive OEMs and suppliers recognise India as a key market. The Indian automotive landscape is changing in line with the world industry. Fuel efficiency has always been a key factor for the Indian customers. However, of late, emissions and safety have also assumed significance[Read More…]
Lighter and Brighter Stakeholders across the industry are being impacted by the fast changing events across the automotive ecosystem. To prepare for the next decade, automotive companies are working rigorously and trying to meet the 3 basic megatrends: Going green, connected and lighter. They travel in different directions to the same destination of fuel economy, which in turn reduces the[Read More…]
(Un)clear roadmap The verdict on lifting the ban imposed by the Supreme Court on the registration of new diesel cars and SUVs with engine capacities above 2000cc in New Delhi and NCR has brought some cheers to the OEMs. The SC bench in January had rejected a plea by Mercedes Benz, Toyota and Mahindra & Mahindra to lift the interim[Read More…]
Double Delight As predicted, monsoon is bringing lots of cheers to some sections of the automotive industry. The government is also optimistic about getting the Goods and Services Tax (GST) Bill through Parliament by the end of the current monsoon session. If the Bill is passed it will be, along with a good monsoon, double delight to the automotive industry.[Read More…]
Optimism Prevails The Indian auto components industry has been in a growth trajectory with a CAGR of 6% during the last 6 years. The industry posted 8.8% growth to Rs 2.55 lakh crore in 2015-16. With signs of recovery in the automotive market and prospects of a better monsoon, the Automotive Component Manufacturers Association of India (ACMA), the apex body[Read More…]
Regulatory Issues The automotive industry in India is transforming, but with enormous challenges. The Supreme Court has extended the ban on registration of diesel cars with an engine capacity of 2000cc and above in Delhi. The diesel ban in Delhi, effective from December 16, 2015, has cost nearly 5,000 jobs in the automotive sector and a production loss of about[Read More…]
Cheerful Forecast It has not been the easiest of times for the automotive industry with 2 successive years of drought wiping off a big chunk of gains made by the industry in the previous 3 years. The outlook is a lot more positive this fiscal with the India Meteorological Department (IMD) forecasting an above normal monsoon. This has brought cheers[Read More…]
