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India Automotive Camshaft Market Growth 2032
- The India automotive camshaft market is experiencing rapid growth, driven by factors such as increased vehicle production, focus on fuel-efficient technologies, and adoption of eco-friendly fuels like CNG and ethanol blends.
- Precision Camshafts Limited recently launched its first retrofitted e-LCV in India, showcasing a significant step in offering localized electric vehicles to the market.
- Stricter emission norms and consumer demand for cost-effective vehicles are leading automakers in India to adopt advanced camshaft technologies like DOHC systems to optimize engine efficiency.
- The shift towards CNG and ethanol-blended petrol is reshaping engine design, creating opportunities for specialized camshaft materials and engineering.
- Continuous innovation in engine technology is vital for the India automotive camshaft market, with a focus on fuel efficiency, reduced emissions, and higher power output.
- Allegro MicroSystems Inc. introduced new GMR sensors for camshafts and crankshafts, catering to hybrid vehicle engines and other applications, aiming to reduce costs and energy consumption.
- The automotive aftermarket significantly supports the Indian camshaft market due to the aging vehicle fleet and growing awareness around vehicle maintenance, driving demand for replacement camshafts.
- Endurance Technologies Ltd. aims to expand its global footprint and business margins through strategic growth initiatives and aims to surpass USD 100 million in sales.
- The passenger car segment dominates the Indian camshaft market, driven by increasing production volume, consumer preferences, and adoption of technologies like turbocharging and downsized engines.
- US-imposed tariffs on automotive components create a complex impact on India's camshaft market, offering opportunities for Indian manufacturers in the global market but posing challenges related to supply chain disruptions and increased costs.
- The comprehensive report 'India Automotive Camshaft Market Assessment, Opportunities and Forecast, FY2019-FY2033' by Markets and Data provides detailed analysis of the market, industry dynamics, challenges, growth trends, and profiles leading players in the industry.
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