Electric Motor Innovation - A Key To Lowering EV Costs
Over 160 million electric motors will be needed for the EV market, with around 30% of the automotive sector expected to shift to rare earth-free technologies.
Proliferation Of EVs Drives Surging Demand For Li-ion Batteries
The forecasted surge in Li-ion battery demand has catalysed a wave of investment in gigafactories, especially in China, which dominates the global supply chain for battery components.
New Technologies, Alliances Drive Growth In Global Auto Parts Market
The integration of advanced technologies and the shift towards sustainable practices will likely define the next chapter of growth in the auto parts industry.
India's $250 Billion Electric Mobility Opportunity By FY30: Praxis Global Alliance
By FY30, the overall mobility market in India is expected to reach $1.2 trillion, with clean and electric mobility comprising about 20% of this market.
Rising Cars, CVs Production Steers Automotive Suspension Coil Springs Market Growth
The automotive suspension coil springs market is an essential component of the broader automotive industry, playing a critical role in vehicle ride comfort and handling stability.
Auto Comp Sector Sees A Decade Of Growth, Braces For New Challenges
The performance in FY24 highlights the resilience and growth of India's automotive component sector. The outlook for FY25 is optimistic, with strong macroeconomic indicators and conducive government policies supporting the sector.
E-Automakers Adopt Integrated Solutions To Up Performance, Reduce Costs
As technology advances, automotive OEMs are expected to increasingly adopt integrated solutions, boosting vehicle performance while reducing costs.
Advanced Vehicle Electronics Drive Demand For Semiconductors
Semiconductors in the automotive sector are essential for various applications, including chassis systems like brakes, steering, traction control, suspension, and vehicle dynamic management.
Two-wheeler Industry Forecasts Steady Growth Driven By EV Demand
CareEdge Ratings projects 7-9% growth in FY25 for the segment.
Key Drivers Boosting Automotive Two-Post Lift Market Growth
By investing in innovation and maintaining high safety standards, the market can continue to thrive, providing efficient and effective vehicle servicing solutions.