+
Airbag industry in India to grow
ECONOMY & POLICY

Airbag industry in India to grow

According to ratings agency Icra, India's market for airbags, a crucial automotive safety component, is predicted to increase from its present levels of roughly 25,000 million to up to 70,000 million by FY2027.

Icra said in a statement that the increase in content per vehicle brought on by stricter regulatory requirements and the voluntary increase in the number of airbags per vehicle for the purpose of enhancing safety are expected to fuel the growth of the airbag industry, one of the fastest growing auto component segments.

Icra noted that the cushion and other components make up the remaining 50% of the cost of an airbag, with the inflator making up the remainder.

Due to a lack of suitable volumes and indigenous technological capacity, the sector now imports 60–70% of its components, mostly from foreign parents or joint venture partners.

According to ratings agency Icra, India's market for airbags, a crucial automotive safety component, is predicted to increase from its present levels of roughly 25,000 million to up to 70,000 million by FY2027. Icra said in a statement that the increase in content per vehicle brought on by stricter regulatory requirements and the voluntary increase in the number of airbags per vehicle for the purpose of enhancing safety are expected to fuel the growth of the airbag industry, one of the fastest growing auto component segments. Icra noted that the cushion and other components make up the remaining 50% of the cost of an airbag, with the inflator making up the remainder. Due to a lack of suitable volumes and indigenous technological capacity, the sector now imports 60–70% of its components, mostly from foreign parents or joint venture partners.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code