With the talk of scrappage policy, the End-Of-Life (ELV) journey of an automobile is once again under the spotlight. Story by Deepti Thore India is expected to reach a market size of 20 to 22 million ELVs by 2025 as per a report released by Kearney. This would amount to a business segment value between Rs.9400 crores and Rs.12,500 crores.[Read More…]
The 60th SIAM annual Convention against the backdrop of Covid made for some very interesting insights. Story by Deepti Thore and Deven Lad Accounting for almost 7.1 per cent of India’s GDP and providing direct and indirect employment to about 37 million people, the Indian auto industry has been battling some unprecedented challenges for some time now. Witnessing the steepest[Read More…]
Confident of growth returning to the CV industry, factors like ‘Atmanirbhar Bharat’ and the uptick in rural economy are set to play a role. Story by Bhushan Mhapralkar A young entrepreneur, Sachin Pawar (name changed on request) operates a micro-unit at Pune’s Bhosari MIDC about a stone’s throw distance from the Tata Motors’ plant. His enterprise makes[Read More…]
Union Minister Prakash Javadekar was the first to reassure the auto industry of Government Support for demand revival. Society of Indian Automobile Manufacturers (SIAM) organized its 60th Annual Convention today, titled “Re-Building the Nation, Responsibly”. At the convention, Guest of Honour, Prakash Javadekar, Hon’ble Union Minister of Environment, Forest & Climate Change, Information & Broadcasting and Heavy Industries & Public Enterprises, Government[Read More…]
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