The Government of India's vision plan—‘Automotive Mission Plan 2016-26 – AMP 2026’ highlights that the automotive industry with a growth at CAGR of 13 to 15 per cent will have an output of Rs 16,160 billion and Rs 18,895 billion in 2026. The tyre industry, an integral part of the automotive industry is likely to follow the same growth trajectory and expected to reach levels of Rs 2,074 to 2,423 billion in the next 10 years. APF March 2020 “Cover Story” analyses how electric vehicles (EVs) have made a mark on the tyre industry. The number of electric cars grew by about 300 per cent in the last decade. However, the absolute number is only around 4,000 electric cars on Indian roads, which is just about 0.1 per cent of close to 3.5 million cars sold in the last year. Even though we see a small share of EVs on roads today, there is a wide opportunity for EVs in India to grow given that the automakers have started rolling out EV variants. APF “EV Cover Story” analyses how India’s EV system is shaping up. Further, improved vehicle aesthetics in conjunction with performance improvement achieved through high performance and customised wheels, are expected to favour the automotive wheel market over the years to come. The “Special Feature” delves into advancements in the wheel technology and way ahead.
Automotive Products Finder (APF) is an auto engineering magazine that looks into technology and components. Launched in 2005, the magazine is aimed at the engineers in the auto industry, and especially those who are in search of the latest developments in the field of automobiles and the industries related to it, may it be IT/Software, CAD/CAM, CAE, production systems/PLM/ERP, material handling, machine tools/special tools, assembly systems, specialized systems, garage equipment, service gadgets/diagnostics, accessories, etc. The readers include strategic sourcing teams, purchase engineers and those who are in a position to influence decisions and on a long-term.