PSR Power Systems Research India Private Limited (PSR India), is the India office of Power Systems Research (PSR). Our experienced analysts, including our team in India, work with OEMs, engine and component manufacturers, dealers, fleet managers and industry experts to compile model-level data that is considered the leading source of global information on engines, drivetrains and powered vehicles and equipment.
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China is one of the leading suppliers of auto components to
India, and this supply chain was significantly interrupted in Q1 2020 by the
caronavirus. In 2018-19, components worth an estimated US$4.5 billion (out of a
total of approximately $17 billion) were exported from China to India. Most of
this trade is in electronic components, EGR modules, fuel injection pumps,
turbochargers, meter sets, LEDs, magnets, airbag components, and steering
system components.
Since the discovery of the Coronavirus in December 2019,
this supply chain has been affected. The covid-19 pandemic has started taking a
toll on components supply and automotive production in India. The situation is
further amplified, as China has terminated all sea routes to other parts of the
world.
PSR Analysis: The Indian Automotive Industry was largely left disappointed with the budget after no direct steps were taken to arrest the decline in automotive sales. Although keeping long term benefits in mind, the budget did introduce measures to boost the rural economy, which in turn will directly benefit the commercial vehicle industry which is an important driver for the economy.
The 15th edition of the biennial Auto Expo
2020 in New Delhi posted a record turnout of visitors. Despite missing out
on mega launches and lukewarm participation by many OEMs, and absentees like
Honda, Toyota, Fiat-Chrysler, Ford, Nissan, Audi, Hero Moto Corp, TVS Motors,
Bajaj Auto and Royal Enfield the auto show presented many futuristic concepts
and cleaner vehicles.
PSR Analysis: With the entire country gearing up for the imminent transition to cleaner emission norms in BS6, and the uncertainty over the recovery of a bad 2019, it was impressive that the Auto Expo 2020 registered a record attendance.
This report first appeared in the September 2019 issue of PowerTALK.
The bad times in the
India automobile market started with the slowdown in Q4 2018, triggered by the
NBFC (Non-Banking Financial Companies) crisis. Since then it has been 10
consecutive months of hard times for almost all automobile segments. All the
segments in the country, be it passenger cars or commercial vehicles, have
registered a decline.
The India CV market is facing lower demand in 2019, reports MotorIndia magazine in its August 2019 Market Outlook issue.
CV Link is a comprehensive databaseupdated quarterlythat covers the CV market.
After a blockbuster growth in 2017 and 2018, writes Shah, growth that was largely driven by demand for tipper trucks due to the new infrastructure, mining projects and fleet replacement; the party ended in Q4 of 2018.
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