Necessity of 6 airbags in vehicles no less than boon for car industry, know-how, and how much it will benefit

0
6 airbags

New Delhi: Ever since the death of former Tata Sons chairman Cyrus Mistry in a car accident, there has been a discussion about safety measures in vehicles in India. Union Road Transport and Highways Minister Nitin Gadkari has even talked about making a law to make 6 airbags mandatory in all vehicles. If it becomes necessary to install 6 airbags in every vehicle in the country, then it will be of great benefit to the Indian airbag industry. Industry experts say that at present, car makers have to spend Rs 19,931 on an airbag kit for a vehicle. With the implementation of the 6 airbag rule, this expenditure will increase to Rs 31,890.

People associated with the industry say that if this happens then there will be a boom in this industry. At present, about 60 lakh airbags are manufactured every year. Later this number will reach 25 crores. If we talk in terms of turnover, then at present the annual turnover of the airbag industry is Rs 39 billion. This is likely to increase to Rs 99 billion in 12 to 18 months.

Companies increasing capacity
According to a report by Economic Times, the world’s 3 largest airbag producers Autoliv, ZF and Joyson do business in India. All these three companies have started taking steps to increase their manufacturing capacity to meet the increasing demand. Mahendra Rajawat, MD, Joyson Anand Abhishek Safety Systems, says that his company is well prepared to meet the demands of the future. Rajawat says Joyson provides world-class products in India. Joyson is looking to increase its manufacturing capacity by 10 times over the next 3 years.

6 airbags car

Priced less than locally produced
Holger Kelin, India Head of ZF, says that the security regulation is a step in the right direction. Kalin says that the company is constantly working to produce the products locally. Due to the localized product, the company is offering its products at affordable prices. Kevin says that 6 locally made airbags will cost the carmaker Rs 8,000 to 10,000.

Advertisement