NNNNNNNNNNNNNNNN
SEAnews SEA Research, BLK 758 Yishun Street 72 #09-444 Singapore 760758
India Front Line Report
SEAnews Issue:monthly
tel:65-87221054
NNNNNNNNNNNNNNN
2018-07-02 ArtNo.46303
◆Automakers’ capex pegged at Rs 58,000 cr for next two years:Crisil




【Chennai】Manufacturers of commercial vehicles, passenger vehicles and two wheelers are expected to incur a total capex of about Rs 58,000 crore over the next two fiscals – 2018-19 and 2019-2020. This capex will be 30 per cent higher than the preceding two fiscals.
 The higher capex for the next two years is driven mainly by healthy demand prospects and regulations, according to a report of rating agency Crisil.
 A study of 18 OEMs (of which 10 are rated by Crisil), covering about 90 per cent of current industry volume, indicates PV makers will account for almost 70 per cent of this capex. This will be supplemented by CV manufacturers with 20 per cent share and the balance by two-wheeler manufacturers.
 Vehicle demand is expected to grow in most segments in high single digits till fiscal 2020, supported by rising disposable incomes and increasing industrial and rural activity.
 The OEM space is largely duopolistic with the top two players in each segment (PVs, CVs and two-wheelers) enjoying 60-70 per cent market share.

○With rising awareness, carmakers see a surge in demand for airbags




【New Delhi】Carmakers' usage of airbags has jumped up to three times in last three years, thanks to the rising trend of offering multiple airbags in several new models.
 Most of these airbags now get sourced locally as manufacturing has picked up in last couple of years. The government has mandated that from October 2017, all new car models will have to be equipped with airbags to meet crash test norms.
 Except for the knee airbags, Toyota Kirloskar Motor sources all the airbags locally. The company said airbag prices are considerably stable and it expects to achieve further price competitiveness over next 3-5 years with enhanced localisation process across the supply chain.

【News source】

Automakers’ capex pegged at Rs 58,000 cr for next two years: Crisil

With rising awareness, carmakers see a surge in demand for airbags

One world:
The aim of SEAnews



The aim of SEAnews is to realize one world that overcomes race / religion / ideological differences.


◆Recruitment of Ad-SEAnews Canvassers



Your Comments / Unsubscribe



SEAnews Twitter



SEAnews Messenger



SEAnewsFacebook



SEAnewsGoogle



SEAnews eBookstore



SEAnews eBookstore(GoogleJ)



SEAnews world circulation


[Your Comments / Unsubscribe]/[您的意见/退订]/[ご意見/配信停止]
Please do not directly reply to the e-mail address which is used for delivering the newsletter.
请别用递送新闻的邮件地址而直接回信。
メールをお届けした送信専用アドレスには返信しないで下さい。
SEAnews 掲載記事の無断転載を禁じます。すべての内容は日本の著作権法並びに国際条約により保護されています。
Copyright 2003 SEAnews® All rights reserved. No reproduction or republication without written permission.