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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


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