On transition to electric vehicles, Ray said it is still sometime away and hence, it is unlikely to have any material impact on component-makers performance over the next five years.“Casting & forging suppliers will not be significantly impacted, as loss of diesel business can be compensated by gain in petrol – assuming they are supplier for both engine platforms,” he said.“As India moves towards reducing carbon emissions significantly in the years to come, we believe there will be further opportunities beyond diesel/gasoline vehicles and others,” he said, adding that he expects the compact car segment to accelerate towards petrol engines, to begin with. Though most manufacturers have begun the process of aligning their capacities and ca pabilities to the emerging scenario, certain component suppliers for turbochargers and fuel injection component would be hard hit, according to industry captains and auto analysts.Some companies like Schaeffler India have mentioned the impact of this in their recent quarterly calls, she pointed out.Doreswamy also expects opportunities to develop in the hybrid vehicles.“After market supplier service is big b Business Autos15 May 2019Component firms buckle up for tech shift Business, Autos Component firms buckle up for tech shift THE ASIAN AGE.The high cost of upgrading existing diesel engines to the BS 6 norms has prompted the automakers to take the hard decision. | MICHAEL GONSALVES Published: May 15, 2019, 1:51 am IST Updated: May 15, 2019, 11:23 am IST Some companies like Schaeffler India have mentioned the impact of this in their recent quarterly calls, she pointed out.At present diesel cars at Maruti, which sells one car out of two bought in the country, account for almost a third of its sales. Pune: The auto component industry is bracing for the tectonic shift in the automobile sector from the expected exit of diesel cars and arrival of electric vehicles.
Specific component firms manufacturing products for turbochargers, feul injection, diesel filters and a few engine components (diesel power train typically has more content than petrol engines) would be more impacted than process capabilities companies, Pavethra Ponniah, Vice President and Sector Head, Corporate Sector Ratings at ICRA, said. lipstick aluminum tube Company At present diesel cars at Maruti, which sells one car out of two bought in the country, account for almost a third of its sales.Vinnie Mehta, Director General of the Automotive Component Manufactur-ers Association of India, or ACMA, said while the component makers have had a great run with the diesel category, there is another opportunity of catering to huge vehicle parc (a European term for total number of vehicles in uift of diesel in passenger vehicles has already declined from 58 per cent in FY2013 to 36-37 per cent in FY2019, and the decline will be even steeper post-BS VI transition,” Subrata Ray, Senior Group Vice President at ICRA rating firm told FC. Mahindra, the third biggest passenger vehicle maker, and Tata Motors also joined in.However, certain component suppliers for turbochargers and fuel injection component may witness some impact on their revenue and profitability, Ray pointed out. end-of Tags: maruti suzuki, tata motors, icra ratings.BorgWarner, US based company, said it was constantly developing technologies to help companies, as the automotive industry is characterised by constant changes.“Most automotive manufacturers in India are well-prepared to meet the BS 6 emission regulations from 2020 as they have been exporters of vehicles/ automotive components to countries where Euro 6 standards exist,” Prashanth Doreswamy, Market Head at Continental India and MD at Continental Auto-motive India, said
sdfe