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Airbag industry in India to reach Rs 2,000 crore by 2019

New safety standards by the Indian government to boost airbag and ABS industry

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Overdrive|Jun 10, 2016, 11:37:47 IST

Recent NCAP results of many of Indian hot selling cars have not been impressive. As a result, the government has been improving the vehicle safety standards and initiated the BNVSAP (Bharat New Vehicle Safety Assessment Programme). It is also supposed to come out with a new set of safety standards by 2017-19. These new safety standards though won’t make use of airbags in personal vehicles mandatory, but these are most obviously the way ahead.

According to ICRA, a private credit rating company, there is a sizeable opportunity to tap into...

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First Published:Jun 10, 2016, 11:37:47 IST
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