- ICRA expects market potential for the domestic turbocharger industry market to grow to Rs 2,600-2,800 crore by FY2020, registering CAGR of 14% during FY16-FY20. While volume growth could be modest at around 8-9% CAGR, value growth will be healthy as higher value added solution (VGTs, twin spool turbo) as well as new products to meet stricter regulatory requirements drive higher content-per-vehicle.
- Turbocharged petrol vehicles gaining prominence in India – Power output of various turbocharged petrol models vis-à-vis non-turbocharged variants (Tabublar analysis on page 3)
- CAFE norms as well as stricter emission norms will further propel usage of turbochargers
- Lower excise duty on small cars with small engine (<1.2L petrol or <1.5L diesel) is pushing turbocharger penetration, as OEMs can deliver higher power with a small engine
- Supplier profile: Honeywell and Borgwarner are global leader in turbocharger systems
- Honeywell and Borgwarner are the leading suppliers of turbochargers in the domestic as well as global
- Turbocharger manufacturers are increasingly localizing their raw material requirements, supporting growth of Tier II ancillaries
- Turbocharger suppliers for various automotive segments
Please click below link to view entire report:
icra-update-on-indian-autocomponent-industry-nov-2016