New regulations will help Indian auto component manufacturers: Report

19 Jan 2023 CW Team

According to a report, the trend towards electrification and regulations pertaining to vehicle safety and emissions are a blessing for auto component manufacturers in India. The requirement for content per vehicle is rising as a result of the new regulations and trends, which is assisting businesses in growing their sales and earnings. According to Ashwath Ram, Managing Director, Cummins India, business has improved for "every automaker" as a result of the stricter emission rules.

He further claimed, “The regulations will help us grow our share in the pie and grow our pie. Cummins aspires to double its business growth relative to the GDP of the nation. While doing that, we want to grow our profits by 1% each year until we reach our highest historical levels of profit, which are between 18% and 20%.”

The Indian automotive sector will switch to Bharat Stage VI-B emission norms from 1 st April onwards. The passenger vehicles will be required to disclose their corporate average fuel economy (CAFE-II) scores with the government. The companies must also adhere to Real Driving Emissions (RDE) regulations. These adjustments may result in a price rise for the new components across all categories. According to the research, prices for gasoline automobiles might increase by 2% and for diesel vehicles by 3-3.5%.

Additionally, the Center is anticipated to adopt new safety elements like six airbags, etc. beginning in October. Vehicle costs are probably going to increase as a result of this. According to Hemal Thakkar, Director, Crisil Research, “Addition of every airbag will improve the realisation for the airbag manufacturer and cost for the buyer.” He added that the cost of the car will increase by anywhere between INR 15,000 and 25,000 for adding four additional airbags.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..