New regulations to boost profits for auto parts companies

18 Jan 2023 CW Team

Manufacturers of automotive components have benefited greatly from the enormous trend toward electrification and the forthcoming slew of safety and emission regulations. According to top executives at auto component companies the new regulations and the trend toward electrification are resulting in an increase in the amount of content per vehicle, thereby increasing their revenue and profitability.

According to Ashwath Ram, Managing Director, Cummins India, businesses like Cummins have succeeded and managed to increase business with every automaker whenever emission standards have become stricter and fuel economy regulations have become more stringent. Beginning on April 1, the auto industry in India will switch to Bharat Stage VI-B emission standards. By the beginning of the following fiscal year, manufacturers of passenger vehicles would also be required to share with the government their corporate average fuel economy (CAFE-II) scores.

Companies must also comply with RDE (Real Driving Emissions) regulations in accordance with BSVI-B standards. Because vehicles will require new components, this is likely to result in an increase in prices across all categories. According to Hemal Thakkar, Director, CRISIL Research “The price increase for gasoline vehicles could be less than two per cent, while it could be between 3.0 per cent and 3.5 per cent for diesel vehicles.

Ram of Cummins stated the regulations will help the company grow and the intention is to expand its business at a rate twice as fast as the country's GDP growth. "While we are doing that, we want to increase our profits by one percent annually until we reach our highest historical profit levels of 18 to 20 percent," he said.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..