India Airbag Systems News

Recent industry report about India Airbag Systems company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ India Airbag Systems Market industry experts.

India Airbag Systems News

  • In December 2021, ZF Friedrichshafen AG (ZF) announced a joint venture (JV) with Rane TRW Steering Systems from the Rane Group. The joint venture will produce safety products, airbags, and seat belt systems for the domestic market and exports.
  • In December 2021, the company stated that one million airbag control units (ACUs) were produced by Continental AG's (Continental) Bengaluru, India factory in a single calendar year. In the upcoming several years, Continental intends to boost its ACU production capacity by at least 30%.
  • In March 2021, Autoliv announced to set up an airbag inflator manufacturing plant in Chennai, India. Autoliv believes that the new plant will further encourage sustainable market growth in India from global and local OEMs.
  • In January 2021, Japan-based Daicel Corporation announced its plan to set up an airbag inflator manufacturing plant in India. The company will invest around Rs 230 crore during phase-I. The company will further strengthen its presence in the Indian market through stable production and supply of products, contributing to the development of the Indian economy through both inflator production and parts procurement in the country.
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  • January 2023: Bosch announced plans to invest more than USD 1 billion in expanding its e-mobility capacities in China. This significant investment is expected to drive increased demand for automotive relays in the region.
  • May 2022: Taolink Technologies raised USD 15 million through a Series A funding round, with Xinyi Capital taking the lead in the investment. The company specializes in the development and supply of chips for narrowband communication devices. Additionally, Taolink Technologies is involved in the development of System-on-Chips (SoCs), relays, gateways, and other components used across a wide range of industry sectors, including automotive and communication, among others.
  • May 2022: Texas Instruments introduced a new line of relays designed to enhance safety in electric vehicles by utilizing silicon dioxide to improve their isolation capabilities. The inclusion of silicon dioxide is visually represented in a rendering with a greenish-gold hue.
  • February 2022: Menlo Micro secured USD 150 million in a Series C funding round. The company employs both electromechanical and solid-state technologies to achieve a 99% reduction in crucial metrics, including size, weight, power consumption, and costs, when compared to conventional electromechanical relays. Menlo Micro markets its innovative solution under the name 'Ideal Switch.'
  • July 2022: Skoda EnyaqEV Camper is making its way to enter the United States market. Skoda Enyaq iV 80 FestEValcamper edition includes a highly practical yet compact camping setup that is entirely accommodated inside its boot. The model is equipped with a heads-up display with augmented reality, which can also come as an advantage on long road trips.
  • May 2022: Hyundai Mobis launched a world-first adjustable display technology for an integrated automotive cockpit system with an ultra-large moveable curve display.
  • In November 2022, Continental AG received a major contract in the third quarter for the series production of its semi-dry brake system (also known as Future Brake System) valued at about EUR 1.5 billion (USD 1.56 billion) from a major global North American car manufacturer. The production of the system is scheduled to commence in 2025.
  • In October 2022, ADVICS CO. LTD announced a contract to supply more efficient aluminum 6-piston calipers from Mercedes AMG.
  • In September 2022, Brembo SpA announced that it reorganized its aftermarket products into four divisions, namely Brembo Essential (entry-level products), Brembo Prime (premium products), Brembo Beyond (products for alternative mobility), and Brembo Xtra (performance product line).
  • In June 2022, ZF group divested 49% stakes in Brakes India to T V Sundram Iyengar and Sons Private Ltd, Sundaram Finance Holdings Ltd, India Motor Parts and Accessories Ltd, and Flometallic India Private Ltd to comply with the Anti-Trust guidelines of CCI.
  • In March 2022, Continental announced that its Gurgaon plant achieved a remarkable milestone by producing five million Electronic Brake Systems (EBS). The EBS portfolio comprises Electronic Stability Control (ESC) for passenger cars and Anti-lock Brake Systems (ABS) for passenger cars and 2-Wheelers. Its target is to raise the annual EBS production capacity by 25% in the next three years.
  • In March 2022, Ningbo Tuopu Group Co. Ltd announced that customers had accepted its IBS-PRO in the winter calibration test. The IBS (Intelligent Brake System) that has been tested is the 4th-generation product developed by Tuopu Group. Top Group's IBS plant, located in Ningbo City, Zhejiang Province, has advanced manufacturing facilities for SMT (surface mount technology), ECU (electronic control unit) assembly, sensor assembly, solenoid valve assembly, automation assembly, and smart storage. The plant is expected to achieve mass production in August 2022, able to supply parts to 500,000 vehicles per year when running at its full capacity.
  • February 2023: Continental introduced its largest-ever tractor tire designed for high-horsepower tractors, offering enhanced load-carrying capacity, improved traction, and reduced soil compaction. With its robust construction and advanced tread design, the tire aims to meet the demands of modern agriculture, providing increased efficiency and productivity in the field.
  • May 2022: Apollo Tyres launched a new range of agricultural tires specifically designed for tractors. These tires are aimed at improving traction, fuel efficiency, and load-carrying capacity while also reducing soil compaction. With their durable construction and innovative tread patterns, the tires are expected to enhance the performance and productivity of tractors in agricultural operations.
  • January 2022: Magna Tyres acquired Industra Ltd in a step toward global expansion. Industra Ltd holds a robust presence in the Polish market, with three tire segments, including Agricultural Tires. Earthmoving and Industrial Tires will aid Magna in marking its presence in the Polish market.
  • July 2023: Hyundai Motor Company unveiled the IONIQ 5 N - N brand's first high-performance, all-electric vehicle, the IONIQ 5 N. The IONIQ 5 N combines the electrified-global modular platform (E-GMP) of the basic model with N's motorsport-bred innovations. The corner rascal capabilities of the IONIQ 5 N begin with improvements to the body-in-white (BIW) construction, including 42 more welding sites and 2.1 meters of additional adhesives.
  • June 2023: Kirchhoff Automotive GmbH claimed that it received a large number of fresh orders for Mexican manufacture. It plans to extend its presence in Querétaro. The Querétaro II facility will begin operations in 2025. It will include an e-coating line capable of thick-film coating as well as preparations for a moderate pickling procedure. The estimated plant area is 15,000 square meters. It is installing resistance spot welding and arc welding equipment at the Puebla facility. It will manufacture body-in-white components as well as cross-car beams for new client applications.
  • March 2023: Steyr Automotive announced the successful conclusion of the Volkswagen Group's 4-day process audit. It has now achieved Tier 1 status. Auditors from MAN Truck & Bus and Volkswagen specifically assessed the body-in-white and plastic components painting in accordance with VW requirements. Steyr Automotive is now mentioned as a prospective VW Group supplier.
  • July 2022: Sika AG participated in the 'Joining in Car Body Engineering' conference in Germany. It introduced SikaPower, a one-component, epoxy-based bulk hybrid adhesive that cures under the temperature impact of electro-coat ovens. It also focused on the various aspects of sustainability in the life cycle of new body-in-white adhesives, ranging from the development of new formulations with sustainable/bio-based raw materials to new 'low bake' adhesives that enable an energy/CO2 reduced process by allowing a lower e-coat oven temperature, to a more sustainable use-phase by light-weighting through aluminum and mixed material bonding, to the topic of material separation during body recycling at end-of-life.
  • August 2022: Chery Holding Group Co., Ltd. (Chery) exhibited the AtlantiX - EXEED M38T mass-production concept automobile to the public in Qingdao, Shandong, under the EXEED brand. Simultaneously, the first body-in-white EXEED M38T rolled off the production line at the Qingdao factory. The M38T was designed using the new M3X Architecture 2.0 and the advanced electronic and electrical architecture EEA4.0. The body-in-white contour of M38T suggests that it adheres to AtlantiX's design language.

May 2023: Dayco expanded its product offering with the addition of the company's alternator decoupler pulley (adp) and will start production at its state-of-the-art facility in China by mid-2024.

July 2021: Denso expanded its PowerEdge alternator line by adding a new model 24PE series to cater to the demand for heavy-duty high-efficiency aftermarket alternators.

May 2021: Mecc Alte introduced a new ECP4 C-type alternator model. The company is focusing on customers seeking high-quality products at comparatively lower price points.

  • May 2023: Bramble Energy partnered with Equipmake, Aerstech, and the University of Cranfield to collaboratively develop an innovative hydrogen double-deck bus. The project will leverage the expertise of each entity: Aeristech will provide its high-efficiency air compressor, and Equipmake will contribute to motor power electronics and a cutting-edge battery management system. The University of Bath will optimize the powertrain through advanced vehicle simulations.
  • March 2023: Airways, a Chinese company, announced an expansion of its European Tech Center in Munich. The expansion will focus on enhancing IT tech services and optimizing load management for the 12V onboard battery. Moreover, Airways will introduce improved language versions of all operating systems to cater to the growing market demand for advanced battery management systems across Europe.
  • March 2023: Switzerland's Designwerk Technologies AG unveiled an impressive new generation of batteries with enhanced capacity options: 125 kilowatts and 250-kilowatt hours. These advanced batteries are tailored for use in trucks and various commercial vehicles, both for on- and off-road applications. As with all battery systems from Designwerk, the newly launched batteries come equipped with a specially developed battery management system (BMS) that diligently monitors all crucial system parameters.
  • May 2023: Opus IVS, which is the leading provider of automotive diagnostic tools and services, announced its joined strategic partnership with CARS Co-Op Network, which is the automotive collision and repair shop. The partnership would boost the mutual growth of companies with diagnostic capabilities of the firms.
  • October 2022: Reparify has launched the new asTech all-in-one solution for local and remote automotive diagnostic, calibration, and detailed programming tools for making the repair and maintenance process of the vehicles seamless.
  • November 2022: Eaton Corporation launched the Twin Vortices Series X3100 supercharger for aftermarket applications and the expansion of its Detroit Truetrac and ELocker aftermarket differential lines.
  • January 2021: BorgWarner Inc. introduced eBooster Gen2. BorgWarner eBooster offers significant improvements in both efficiency and performance. The eBooster helps to enhance fuel efficiency.
  • September 2022: TE Connectivity introduced the PicoMQS connector system, the industry's smallest automotive-qualified crimping terminal.
  • November 2021: Furukawa Electric Co., Ltd. announced that it's aluminum electrical wiring that uses the corrosion-resistant Alpha Terminal series had been adopted for the first time in the wire harnesses (WHs) of Toyota Boshoku seats installed in the new Toyota Land Cruiser 300 series.
  • September 2021: TE Connectivity (TE) announced that it had acquired ERNI Group AG (ERNI). The acquisition of ERNI complements TE's broad connectivity product portfolio, particularly in high-speed and fine-pitch terminals for factory automation, automotive, medical, and other industrial applications.

Airbag Systems Market in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)