New regulations to benefit Indian auto component manufacturers: Report

The trend of electrification and regulations around vehicle safety and emissions have come as a blessing in disguise for auto component manufacturers in India, a report by The Economic Times said.
 

The new rules and trends are increasing the need for content per vehicle and this, in turn, is helping companies boost their revenue and profits. Ashwath Ram, managing director of engine maker Cummins India, told ET that as the emission standards are tighter, it has improved business for "every automaker".
 

"The regulations will help us grow our share in the pie and grow our pie," he said. Ram added