More Headwinds

The June issue will draw your attention to the critical role of cooling systems spanning Internal Combustion Engines (ICE) and Electric Vehicles (EVs). Comprising an estimated two per cent of sales up until H1FY23, the OEMs continue to work closely with the tier suppliers to ensure that these systems and products are designed to optimise vehicle performance. From smart engines that are more efficient and offer enhanced mileage to diesel cycle natural gas engines and liquid-cooled engines, the issue covers it all. In the case of EVs, liquid-cooled battery packs have carved a niche for themselves. The issue also features leading industry voices who rank the performance in FY23 and forecast for FY24.

The official confirmation of Germany, the fourth largest automotive market, entering into a recession comes as a disappointment, given that the EU is among the primary export destinations. A debt ceiling deal for the US, a slower spending rate, and technical recessions in markets like Singapore are giving the chills this summer. Cooling systems exports account for an estimated one per cent in comparison to 33 per cent of drive transmission and steering in the overall exports pie. The former witnessed an estimated 36 per cent increase to reach the recorded levels of FY22.

Of the overall imports, these systems account for an estimated five per cent, compared to 31 per cent of imports related to drive transmission and steering. The Industry’s anticipation of a looming recession in the EU and the US add to the headwinds in an otherwise upbeat market.

“The Industry’s anticipation of a looming recession in the EU and the US add to the headwinds in an otherwise upbeat market.”

Ashish Bhatia Editor

a.bhatia@nextgenpublishing.net ashish@atashishbhatia.com

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Editor Ashish Bhatia

80 per cent of public transport in Delhi to be fully electric by 2025.