Indian auto-element makers are nicely positioned to benefit from the globalisation of the sector as exports potential could be elevated by up to US$ 30 billion by 2021E. The rapidly globalising world is opening up newer avenues for the transportation trade, particularly whereas it makes a shift towards electric, digital and hybrid vehicles, which are deemed more efficient, protected and reliable modes of transportation. Over the next decade, it will lead to newer verticals and alternatives for auto-part producers, who would need to adapt to the change through systematic analysis and improvement.
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The brake friction material has a major … Read More