Regulatory Push from Bharat New Car Assessment Program (BNCAP) Adds Momentum to Indian Passenger Car Passive and Active Safety Market
Frost & Sullivan Manufacturing
JANUARY 30, 2024
Increasingly stringent vehicle safety mandates and consumer demand for additional safety features challenge automakers as they seek to develop cost-effective, value-added safety offerings, while maintaining profitability and market share in India’s highly competitive automotive industry. billion in 2022 to $3.64 billion in 2030.
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