Clocking USD 74.1 billion turnover and a growth of 9.8 percent in FY2023-24 on a year-on-year basis, the Indian auto components industry body (the Automotive Components Manufacturers Association) ACMA has announced the finding of its ‘Industry Performance Review’ for FY2023-24. 

The report mentions that the turnover growth of the automotive component industry is influenced by factors such as the rise in consumption of increased value-added components, thrust on localisation and a market shift in terms of increasing preference for larger and more powerful vehicles. 

On the exports front, the report highlighted a growth of 5.5 percent to USD 21.2 billion in FY2023-24 as compared to USD 20.1 billion in the last fiscal. North America accounted for 32 percent of the exports with a growth of 4.5 percent. Europe accounted for another 33 percent with a growth of 12 percent. Asia accounted for 24 percent of the export market with the growth remaining flat. The key components that were exported in FY2023-24 were drive transmission and steering, engine components, body and chassis, suspension and braking systems etc. 

The report also stated that exports, with trade surplus (CAGR of export is twice that of the import) have remained study in the wake of political challenges. 

Witnessing a growth of three percent in FY2023-24 to USD 20.9 billion as compared to USD 20.3 billion in FY2022-23, imports were of the following nature: engine components, body and chassis parts, suspension and braking parts, drive transmission and steering parts.

Asia accounted for 66 percent of imports followed by Europe and North America at 26 percent and eight percent respectively, imports from Asia grew three percent and that from Europe by four percent. Imports from North America remained flat in FY2023-24. 

On the aftermarket front, the increased movement of vehicles and surge in demand for used vehicles led to buoyancy across segments. The turnover of the aftermarket in FY 2023-24 was USD 11.3 billion. In FY2022-23, it was USD 10.6 billion. The e-commerce sector involvement has led to the aftermarket witnessing gradual shift into organised trade. The digital route is also leading to higher penetration in the hinterland of the country.  

The supply to electric vehicles accounted for six percent of the auto components industry turnover of USD 74.1 billion. The Indian auto component industry is optimistic on the back of the robustness exhibited by the economy.  

Regarding the performance of the auto component industry, Vinnie Mehta, Director General, ACMA, said, “On the back of steady vehicles’ production in the country, a robust aftermarket and growth in exports, the auto component industry grew to Rs. 6.14 lakh crore (USD 74.1 billion) registering 9.8 percent growth in FY23-24, thus outpacing the turnover of Rs. 5.59 lakh crore (INR 55.9 billion) in the previous fiscal. Component supply to OEMs in the domestic market grew by 8.9 percent to Rs.5.18 lakh crore (INR 51.8 billion), with supply to the EV manufacturing industry accounting for 6% of the total component production in the country. Exports grew by 5.5 percent to USD 21.2 billion while imports grew by three percent to USD 20.9 billion, thus resulting in a trade surplus of USD 300 million. The Aftermarket, estimated at Rs. 93,886 crore (USD 11.3 billion) also witnessed growth of 10 percent.”  

Shradha Suri Marwah, President, ACMA, and Chairman & Managing Director, Subros, mentioned, “It is pertinent to note that apart from increase in vehicle production, higher value addition from the component sector has led to growth in the auto components sector. On the front of trade, whilst overall merchandize exports from India witnessed degrowth in FY24, auto components exports have grown despite geopolitical challenges and increase in logistics costs. That apart, growth in imports has been comparatively lesser, leading to trade surplus, indicating thrust by the industry on front of localisation.”

“Steady growth in the vehicle industry has resulted the industry reaching pre-pandemic levels of performance in FY24 in most segments, however, the first quarter of FY25 witnessed somewhat slower offtake in vehicle sales, especially in PVs and CVs, given the high base, due to inclement weather conditions and elections. With strong macro-economic indicators, conducive government policies and over seven percent growth projected for the Indian GDP, we are hopeful that the auto components industry will continue to perform well in FY25,” she articulated. 

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Basemark, a provider of real-time graphics and augmented reality (AR) software, has announced a strategic collaboration with KPIT Technologies, a global mobility solutions provider. The partnership aims to accelerate the development and large-scale deployment of next-generation, multi-screen Human Machine Interface (HMI) solutions for automotive original equipment manufacturers (OEMs).

As a primary milestone of this agreement, KPIT officially joins Basemark’s Rocksolid ecosystem as its first certified partner. The alliance is structured to help automotive manufacturers transition HMI concepts into production-grade series deployment faster while meeting stringent industry standards for safety, reliability and performance.

As modern vehicles transition into software-defined platforms, advanced HMIs have become critical differentiators for brand identity and consumer experience. However, scaling immersive, context-aware interfaces across multiple vehicle segments and varied display domains remains a significant engineering challenge.

This collaboration addresses those complexities by pairing specialised software hardware with global engineering scale:

Basemark's Rocksolid Platform: Provides a high-performance software environment tailored for advanced HMI and AR development. The platform is designed to support modern development workflows, including artificial intelligence (AI)-assisted creation, modification, and debugging of HMI assets and application logic.

KPIT's Integration and Engineering Scale: Brings nearly two decades of automotive software expertise, having supported more than 20 million vehicles globally. KPIT provides end-to-end capabilities across infotainment, digital cockpits, connectivity, embedded platforms, systems integration, validation, and global delivery.

The Rocksolid Certified Partner Program is designed by Basemark to ensure that OEMs can execute high-volume, safety-critical HMI programs with verified partners who have demonstrated technical excellence on the platform.

Under the agreement, KPIT will directly leverage Rocksolid Studio and Rocksolid Engine to design and deploy integrated automotive software architectures, including advanced HMI, AR Head-Up Displays (HUD), digital cockpits, and multi-display experiences.

Tero Sarkkinen, Founder & CEO, Basemark, said, “KPIT becoming the first Rocksolid Certified Partner is an important milestone for the Rocksolid ecosystem. With KPIT’s automotive software expertise and delivery scale, OEMs can accelerate their journey from HMI concept to reliable series production.”

Omkar Panse, CTO, KPIT Technologies, added, “Our collaboration with Basemark strengthens our ability to help OEMs deliver advanced HMI experiences with production readiness and scale. By combining Rocksolid’s high-performance platform with our solutions, and software and systems expertise, we enable customers to deploy differentiated user experiences across vehicle programs efficiently.”

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German luxury automotive company Audi has officially introduced the Audi Nuvolari, its first-ever supercar featuring a high-performance hybrid powertrain. The company believes it is destined to become the fastest and most powerful production vehicle in the history of the brand. Production of the vehicle will be strictly limited to 499 units with customer deliveries scheduled to commence in the first half of 2027.

Named after the legendary, fearless pre-war racing driver Tazio Nuvolari, the pre-production prototype represents a monumental shift for the manufacturer. It serves as the pioneering production model to debut Audi’s brand-new, visceral design philosophy.

The technical core of the Audi Nuvolari features a complex hybrid system sporting four distinct drive units that push out a combined maximum system output of 736 kW (1,001 PS).

It uses a mid-mounted 4.0-litre V8 biturbo engine that generates 588 kW (800 hp) and 730 Nm of torque. Heavily derived from motorsports, it revs up to an impressive 10,000 rpm. The engine is further complemented by three axial flux electric motors, which include two oil-cooled axial flux motors on the front axle, outputting up to 2,150 Nm of torque and enabling fully variable torque vectoring. A third electric motor is sandwiched between the mid-mounted engine and the transmission. The system relies on a lithium-ion battery with a gross capacity of 7.3 kWh.

The Audi Nuvolari has a claimed acceleration of zero to 100 kmph in under 2.6 seconds, upto 200 kmph in 6.8 seconds and a top speed exceeding 350 kmph.

To safely manage extreme velocities, Audi worked closely with its Formula 1 drivers to refine the car's aerodynamics. The vehicle features an S-duct – a vented front end that channels air to increase front-axle downforce while reducing lift – and a deployable adaptive rear wing. The wing automatically morphs through three operational configurations: Closed (minimising drag), Low Downforce (LD) and High Downforce (HD).

In its peak HD setting, the aero package generates more than 400 kg of downforce. Drivers can also manually deploy a steering-wheel-mounted Drag Reduction System (DRS) on straights to lower the wing and bleed off drag.

Structurally, the supercar utilises the renowned Audi Space Frame (ASF) technology but pairs it with an all-carbon fibre exterior for the first time in brand history. Virtually all body panels are built using high-tech prepreg autoclave technology to ensure maximum rigidity with minimal mass. Forged centre-lock wheels also make their production debut on this vehicle.

Quattro Predictive Ride

The vehicle premieres quattro predictive ride, an advanced evolution of Audi's signature all-wheel-drive system. Using a highly responsive vehicle state model fed by real-time telemetry (including yaw rate, steering angles and grip levels), the car proactively calculates traction thresholds.

Before a tyres-slip event can occur in a corner, the car seamlessly modulates longitudinal and lateral torque vectoring, tweaks active aero downforce and applies targeted brake interventions to stabilise the chassis.

Through physical rotary dials on the steering wheel, drivers can select from four core modes, plus a dedicated track setting:

• E-Hybrid: For fully electric, emissions-free urban driving.
• Balanced: Prioritises everyday driving comfort, efficiency and baseline performance.
• Dynamic: Optimises throttle response and sharpens cornering precision.
• Dynamic+: Focuses the entire hybrid powertrain on delivering maximum emotional performance.
• Track Mode: Tailors traction control behaviour to specific track environments, allowing drivers to manually step settings across Wet, Dry, Race, or completely Traction Control Off (TC Off).

The Nuvolari employs a motorsport-derived brake-by-wire system with an energy absorption capability of up to 2.8 megawatts. It permits purely electric regeneration up to 0.3 g before seamlessly engaging its hydraulic anchors.

The physical hardware consists of the new Audi Ceramic Pro braking system, utilising Formula 1 long-fibre carbon brake discs and a custom internal cooling design that boosts thermal dissipation by 21 percent over conventional carbon-ceramic brakes. Massive 10-piston fixed calipers clamp down on 420x40 mm discs at the front axle, while 4-piston calipers handle 410x32 mm discs at the rear.

The cockpit layout strips away secondary digital clutter, keeping all vital human-machine interface (HMI) menus directly inside the driver's primary line of sight. The visual identity features anodised aluminium accents and premium lightweight carbon-fibre bucket seats.

The interior is cleverly split into two distinct colour zones: a dark, muted front cabin designed to optimise high-speed driving concentration and a lighter Shadow Dune layout in the rear.

In a historic nod to Audi's rich racing heritage, the colour accents utilised across the digital HMI screens are styled as a direct tribute to the legendary 1930s Auto Union Type C speed-record race cars.

Gernot Dollner, Chairman of the Board of Management, Audi AG, said, “With the Audi Nuvolari, we are accelerating technological progress. It shows what is possible when the focus is on technology, performance, and execution through teamwork – and when we achieve progress together.”

Rouven Mohr, CTO, Audi, added, “With the Audi Nuvolari, our entire team has once again demonstrated its technical expertise, innovative strength, and dedication. This is reflected not only in the vehicle’s performance and its Formula 1-inspired technologies, but also in the ability to transfer innovations quickly and precisely into a production vehicle.”

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French tier 1 supplier Valeo has expanded its presence in the electric vehicle ecosystem with the introduction of its advanced smart charging product range. The new lineup is being showcased at the Drive to Zero event at Paris Expo Porte de Versailles.

For the first time, the company is demonstrating its new Ineez AC charging station, which features native integration of bidirectional Vehicle-to-Grid (V2G) technology and the ISO 15118-20 communication protocol. The implementation transforms the traditional vehicle charging point into an active hub capable of optimising local energy flows and reducing user costs by allowing real-time interaction between electric vehicles and the power grid.

The core software and hardware architecture powering Valeo's V2G charging equipment utilises a technology platform originally engineered by IoTecha, which is now owned by Valeo.

This system combines updated communication networks with a cloud-based IoT.ON management platform to secure baseline interoperability between the EV, the charger and the local utility provider.

It utilises ISO 15118-20 protocol, which serves as a secure, universal digital interface between the vehicle and the hardware to guarantee ultra-secure data transfers and support bidirectional energy flows. Embedded software stacks allow for localised implementation of varying international grid codes, optimising hardware functionality according to specific geographic requirements.

The autocharge feature streamlines the consumer charging process by incorporating automatic, cardless user authentication upon plug-in. The bidirectional power flow enables electric vehicles to feed stored energy back into power grids or localised buildings during peak energy demand periods, serving as a functional tool for asset monetisation.

At the event, Valeo is exhibiting its full Ineez commercial portfolio, structured to target residential, commercial, industrial and fleet applications including – Smart Unidirectional (V1G) AC Stations, Advanced Bidirectional (V2G) AC Stations, Energy Management Systems and Ancillary Hardware.

Isabelle D’Ambrosio, Vice-President of Smart Mobility, Valeo, said, “At Valeo, we are combining our industrial excellence and software protocols, to make advanced energy flexibility both accessible and future-proof for our customers, expanding our reach beyond the traditional automotive technology. We are proud to present our latest Ineez AC charging station that offers Vehicle-to-grid technology as well as the latest communication protocol that secures a safe interface between the vehicle and the charging station.”

Oleg Logvinov, Founder, IoTecha, added, “As EV infrastructure becomes woven into the fabric of daily life – from the driveway to the highway – the potential for asset monetisation scales exponentially. IoTecha’s platform, now a part of Valeo’s global ecosystem, bridges the gap between simple charging and smart monetisation. We aren’t just charging vehicles; we are providing a one-stop shop to turn every EV into a high-performance revenue engine.”

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Synopsys, Inc., a prominent provider of silicon-to-systems design solutions, will host its annual flagship Synopsys User Group (SNUG) India 2026 conference at the Sheraton Grand Bengaluru Whitefield Hotel on 18 June 2026.

The one-day event serves as a collaborative platform for semiconductor design engineers, technology executives and ecosystem partners across India's electronics and systems engineering sectors to discuss developments in the era of pervasive artificial intelligence.

The conference will open with a keynote presentation delivered by Ravi Subramanian, Chief Product Management Officer at Synopsys, titled ‘Re-Engineering the Future of Silicon’. The address will examine the structural transformations occurring within engineering design and development workflows, driven by specific technical shifts:

• AI and Agentic Workflows: Exploring how machine learning and autonomous agent frameworks are optimising traditional silicon layout and verification pipelines.
• Silicon-to-Systems Innovation: Evaluating the accelerating convergence of standard silicon design, multiphysics analysis and intelligent system engineering to manage high design complexity.
• Accelerated Innovation Cycles: Addressing the challenges organisational engineering teams face during truncated development timelines for complex semiconductor products.

As software-defined architectures and AI transform product development paradigms, SNUG India 2026 will run multi-track sessions detailing next-generation engineering workflows. The technical program will incorporate peer-reviewed customer presentations, expert panels and technical deep-dives covering – AI-enabled semiconductor engineering & automation tools; 3DIC and advanced packaging; managing signal integrity & layout density in multi-dye chip architectures; multiphysics chip design & hardware-assisted verification systems and design methodologies for software-defined systems.

Sudeep Kallappa Shivalli, Regional Senior Director, Go To Market at Synopsys, said, “SNUG India 2026 reflects the spirit of collaboration and innovation that has defined the Synopsys Users Group community for over three decades. As engineering teams navigate unprecedented complexity driven by AI, intelligent systems and software-defined products, platforms like this becomes increasingly important for bringing together customers, partners and technology experts to exchange insights, share experiences and collectively shape the future of innovation.”

File photo: Synopsys 2025

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