Every battery that reaches the end of its life carries inside it the raw materials for the next one. Recycling closes that loop — recovering lithium, cobalt, and nickel to feed back into new battery manufacturing and reducing the industry’s dependence on freshly mined critical minerals. There is a quiet but significant transformation underway at […]
Continue Reading
The global electric commercial vehicle market, according to MarketsandMarkets, is on a steep upward curve — set to more than double from $84.64 billion in 2026 to $197.55 billion by 2033, growing at a CAGR of 12.9%. Electric commercial vehicles have moved past the experiment stage. The industry has made its decision — and […]
Continue Reading
India’s electric vehicle penetration, currently at around 8.5%, is set to rise to 30% by 2030 — and component manufacturers who move early stand to benefit the most. That was the central message at ASSOCHAM Northern Region’s EV Ancillaries and Auto Components Conclave 2026, held in Gurugram, where government officials and industry leaders called on […]
Continue Reading
Growing localisation, technology investments and global confidence position the industry for its next phase of growth The Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component industry, has released the findings of its Industry Performance Review FY2025–26. The industry recorded a turnover of INR 7.60 lakh crore (USD 85.9 billion), registering […]
Continue Reading
The report reveals battery packs, motors, and power electronics will drive unprecedented growth in the domestic EV supply chain. India’s electric vehicle (EV) components market is expected to expand eight-fold over the next seven years, with projections showing a rise from ₹41,000 crore in 2025 to ₹3.55 lakh crore by 2032. This forecast comes from […]
Continue Reading
By Marshall Martin, Program Manager, and Nachiket Devasthale, Senior Consultant – Mobility Growth Advisory, Frost & Sullivan India’s commercial vehicle (CV) industry is evolving as fleet operators increasingly prioritize utilization, fuel efficiency, uptime, and lifecycle economics over upfront acquisition cost. Light commercial vehicles (LCVs) continue to be one of the fastest-growing segments in India’s commercial […]
Continue Reading
The aftermarket is evolving beyond simple part replacement, playing a vital role in keeping vehicles reliable, efficient and connected throughout their life. The global automotive parts aftermarket is quietly entering a phase of steady and sustained expansion. As vehicles stay on the road longer and usage continues to rise, the need for regular maintenance and part replacement […]
Continue Reading
TheVice President of SIAM and Managing Director and CEO of Ashok Leyland noted that from depending on global technology, India can become a hub for designing and manufacturing commercial vehicles. The year 2047 may seem far away, but for the commercial vehicle industry, that future is already taking shape—in labs, on shop floors and in […]
Continue Reading
As vehicles become more connected, autonomous and electrified, lighting will evolve into an intelligent, interactive system—playing a much bigger role than ever imagined in shaping the future of mobility. The automotive lighting market is quietly undergoing a transformation, moving far beyond its traditional role of simply illuminating the road. Today, lighting is becoming a key […]
Continue Reading
Nearly $26 billion in new opportunity is emerging, fuelled by innovation in products, technology and customer engagement. The global luxury car market is entering a new phase—one where tradition is no longer enough. For decades, luxury cars were defined by brand legacy, craftsmanship and performance. But today, that definition is evolving. Technology, electrification and changing […]
Continue Reading