Auto component industry to see rise in revenue, report

28 Jul 2022 CW Team

According to Crisil, the auto component business will generate 9-11 per cent of its income from EV (Electric Vehicle) parts by 2027 as electrification increases. This increase will occur even while the availability of parts for conventional internal combustion engine-driven vehicles increases, according to the report.

EV components contributed only 1 per cent of total revenue to the sector in the previous fiscal year.

Revenue from electric vehicle components is expected to expand at a compound annual growth rate of roughly 76% to Rs 725 billion in fiscal 2027, up from Rs 43 billion last fiscal.

It forecasts that up to 60 per cent of this revenue will come from the battery segment, 15 per cent from drivetrains and 15 per cent from electronics, with 90 per cent of EV component supplies likely to be for two-wheelers and PV (Passenger Vehicle) segments.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..