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Awards and Recognition

An award is something which is awarded based on Merit. Awards & Recognition are a must in Life as it provides the necessary vigour to keep progressing ahead in Life. Awards do not only acknowledge success; they recognise many other qualities: ability, struggle, effort and, above all, excellence. This is the reason that for past 22 Years we have been christined as Best Stock Market Tips Provider & we are at the 'Top' in this field. Check out our Awards by clicking on Image or Post Title Now!!

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If You are Looking to Trade Intraday Bank Nifty option with Single Target and make 150-300 points; then our Bank Nifty option tips is best for you as it provide Large Targets and Small Stop Loss. The aim is to make Rs 3750-7500 almost daily by trading in Bank Nifty Options by employing just Rs 10,000 capital. Your profit is assured as we trade with "NO Loss Strategy". Click on Image or Post Title to Read More.

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Latest Video Reviews by Clients

You can have a look at the Video Reviews provided by our ongoing current clients regarding Indian-Share-Tips.Com Services to include Bank Nifty Option Tip. You must have a look to know about their satisfaction level, profit generated and complaints if any. Click on Image or Post Title to Read More.

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Awards and Recognition

An award is something which is awarded based on Merit. Awards & Recognition are a must in Life as it provides the necessary vigour to keep progressing ahead in Life. Awards do not only acknowledge success; they recognise many other qualities: ability, struggle, effort and, above all, excellence. This is the reason that for past 22 Years we have been christined as Best Stock Market Tips Provider & we are at the 'Top' in this field. Check out our Awards by clicking on Image or Post Title Now!!

Best share market tips provider award in India

Airbag Industry In India To Grow To Rs 7,000 Crore By FY27: ICRA

The industry size of airbags, a key safety feature in vehicles, is expected to grow to up to Rs 7,000 crore by FY2027 in India, from Rs 2,500 crore currently, according to ratings agency ICRA. The growth in the airbag industry, one of the fastest growing auto component segments, is expected to be fuelled by the increase in content per vehicle arising from higher regulatory requirements and voluntary increase in the number of airbags per vehicle for enhancing safety, ICRA said in a statement.

The mandatory content per vehicle for airbag manufacturers is expected to rise from Rs 3,000-4,000 currently to Rs 8,000-10,000 by Oct. 1, 2023. The average number of airbags per car sold is about three currently, and this is expected to increase significantly post the mandatory implementation of six airbags per car from Oct. 1, 2023," ICRA Vice President and Sector Head Vinutaa S said.

Accordingly, ICRA said it expects the industry to grow to Rs 6,000-7,000 crore by FY27, from the current levels of Rs 2,400-2,500 crore, at a four-year CAGR (compound annual growth rate) of 25-30%.

The ratings agency pointed out that earlier, only one airbag per car, the airbag for driver seat, was mandatory from July 2019. This increased to two airbags (dual front airbags) for category M1 vehicles manufactured from Jan 1, 2022. M1 vehicles are those that can seat up to eight passengers and weigh less than 3.5 tonne.

Going forward, for M1 category vehicles that will be manufactured from October 1, 2023, two side airbags and two side curtain airbags have been mandated. This move was undertaken to prevent torso injury for people occupying the front row outboard seating positions and prevent head injury for people occupying the outboard seating positions, it added.

Vinutaa S said the cost for original equipment manufactures could increase further depending on modifications required in cars' structural changes and deployment of additional sensors. Moreover, she said capacity building in the next one year is critical to meet regulatory requirements in a timely manner.

Several players have started undertaking capacity enhancements in the last six to eight months to gradually scale up their facilities, and ICRA expects a capex of around Rs 1,000-1,500 crore in the next 12-18 months for capacity enhancements and localisation measures," Vinutaa S added.

ICRA pointed out that the inflator forms about 50% the total airbag cost, while cushion and other components form the remaining.

The industry currently imports 60-70% of its components primarily from overseas parents or joint venture partners, stemming from the lack of indigenous technological capability and absence of adequate volumes.

"Unless there is adequate backward integration for the incremental airbags expected to be produced, the import content would only increase further going forward," ICRA said.

View: Following shares for Mfg of Airbags: Rane Madras Ltd (small micro cap), Bosch etc.

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Latest Video Reviews by Clients

You can have a look at the Video Reviews provided by our ongoing current clients regarding Indian-Share-Tips.Com Services to include Bank Nifty Option Tip. You must have a look to know about their satisfaction level, profit generated and complaints if any. Click on Image or Post Title to Read More.

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Awards and Recognition

An award is something which is awarded based on Merit. Awards & Recognition are a must in Life as it provides the necessary vigour to keep progressing ahead in Life. Awards do not only acknowledge success; they recognise many other qualities: ability, struggle, effort and, above all, excellence. This is the reason that for past 22 Years we have been christined as Best Stock Market Tips Provider & we are at the 'Top' in this field. Check out our Awards by clicking on Image or Post Title Now!!

Best share market tips provider award in India

 
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