Q) How do you see the Indian automotive market, and what are the factors that drive and influence Covestro’s product offerings in India?

Anand Srinivasan: The McKinney Report 2019 states that India is likely to become the third largest automotive market in the world. The report says that the key factors that drive this would be rapid urbanisation, a burgeoning middle class, increased consumer spends, continued government focus on the sector, and low sharing of mobility barring high-density urban areas.   

We feel there could be a spike in the luxury car segment and the mid-entry level cars. These are facilitated by the government focus on infrastructure development and the love of inter-city independent travel. In India, cars are seen as a status symbol and this will continue to drive the consumption pattern.

This year's Auto Expo was dominated by electric vehicles where auto-giants like Hyundai, Mahindra and Mahindra, and Tata Motors unveiled their plans.

Another significant factor is that India continues to be the centre for frugal engineering. This leads to cost-efficient, ground-up innovation that also fits into each consumer's value proposition and fuel the growth in consumption.

Q)  Consumers are very choosey about the car interior. Personal car users want interiors that appeal to their personality and emotions. Riders in share-riding expect the interiors to be robust, and functional. Such broad expectations are putting much pressure on designers and engineers of the OEMs. How do you take this challenge as a material supplier? What products do you offer for automotive interiors?

Anand Srinivasan: In India, car interiors traditionally have been robust – irrespective of the type or choice of interior. The end-consumers always prefer robust and highly functional products to delicate and limited functionality products. This comes from the value proposition ingrained in the Indian DNA.

The expectations in the personal car space are most likely to become a requirement in the share-riding space also. This will be essentially driven by pressure on margins which will force share-car owners to focus on value-addition to generate premiums. As a result, a product today for the personal car space will become an innovation for a share-car owner tomorrow. 

So any product, we create for the personal car space becomes an investment in the innovation for the more mass requirements of share-riding. Covestro provides materials like polyurethanes for seats, coverings and coatings. Covestro's flexible polyurethane foam car seats offer significant ergonomic advantages over seats in other materials and reduce fuel consumption.

Q)  Automotive lighting has gained momentum due to the growing focus on safety and energy efficiency. The designing of headlamps and rear lamps is getting more complicated. What kind of challenges are you facing in this segment, and how are you tackling them? What new technologies do you are work on in the segment?

Anand Srinivasan: Safety and energy efficiency is definitely on top of our agenda. Factors such as emphasis on road safety, implementation of stringent government regulations, and rise in production drive the growth of the automotive lighting market. However, the high cost of LEDs had restrained the automotive lighting market growth. Lighting is one of the more challenging needs to address. Simple understanding like the type of lighting and the impact on cars coming on the opposite direction can often be the critical differentiator.

The most important contribution to cost is the demand for vehicles equipped with advanced technologies. While globally, features like communication with the pedestrians to ensure better safety have gained momentum, the focus in India is more skewed to convenience. The concept of safety (which is among the slow-moving traffics globally) is significantly different. In that, the ability to use halogen lighting without inconveniencing the driver on the opposite side could be a very simple example. These and the focus on reducing carbon footprint on any consumption have gained momentum.

However, to our advantage, India is a highly skilled and bright-minded innovative nation. Therefore, our limitations impose on us the need to innovate cost-efficiently without compromising on the product quality and end result.

This holds us in a very good state – where we like to call our innovations as being N&N (needs & norms) compliant. We as an organisation have been able to focus on "Building the Future" through our energy-efficient products across many different industries and are confident of bringing the same to the automotive sector.

Q) A supplier may create excellent materials for the interior or exterior, but it has to be compatible with the design of a product. OEMs also want to offer differentiators in the market. With the growing complexity of interior and exterior designs, what are the challenges that you face?

Anand Srinivasan: For the interior or exterior, the key challenge lies in estimating consumer expectations. The need for any OEM is to read the current and latent needs of the end-consumers and to enable automotive companies to integrate their products into the consumers' life. Before answering this question, I think it is very important to understand the drivers of change in consumer expectations.

The evolving lifestyle of the urban classes and DINKs, DISKs and DIDKs are driving the economy. This essentially means less time at home and more at work. The ability to leave from the work will largely depend on the time utilisation during travel. The second is the need for better connectivity, even on the go. To improve their own productivity, for home tasks or for office work, cars will increasingly need to cater to smarter, easier and more interactive tools like touch screens instead of music systems, voice-activated products and similar others. The third one is a culture of digitised work environment penetrating into family time. With increased exposure to digitisation, even children have taken to it like fish in the water. As a result, family cars are expected to be compliant with the latest gizmos and gadgets that make a child's travel time more interactive while giving parents the chance to complete work on chores on the go. 

The luxury segment, on the other hand, is leaning more towards ensuring that travel is the downtime that people need in their busy lives. Thus the focus on a premium look and feel products, entertainment like exotic grills and mood elements, interactive panels, capacitive switches and more. In this segment, the driver is clearly making the PVQ (Perceived Value Quotient) less elastic. To do that, redefining luxury every 6 months becomes a mandate. I think the level of consumer expectations is very high. For that we are in a constant state of Research and Innovation. (MT)

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Chinese technology company Neusoft Corporation and Mappls MapmyIndia have signed a Memorandum of Understanding (MoU) to leverage their strengths in software and data resources to collaborate deeply.

The companies will engage in joint technological development, ecosystem collaboration and resource integration to provide navigation products and intelligent mobility solutions tailored to localised needs in emerging markets such as Southeast Asia and India.

The partnership is a response to the fact that while global auto brands are expanding into Southeast Asia and India, they face challenges in these regions due to complex road conditions, unique traffic rules, extensive addressing systems and high localisation adaptation costs. These issues limit the ability of automakers to deliver a complete intelligent user experience.

Under the collaboration, Neusoft will adopt its OneCoreGo Global Intelligent Mobility Solution 6.0 Plus as the core technology carrier, deeply integrating MapmyIndia's map data, real-time traffic information and multi-dimensional value-added services. MapmyIndia is noted as the largest local mapping company in India, holding more than 90 percent market share in in-vehicle navigation.

The integration is intended to strengthen a full capability loop of ‘navigation + payment + interaction + connectivity + operations’.

Through API integration and technological convergence, the two parties will jointly develop navigation products and mobility solutions highly adapted to Southeast Asia, India and similar regional markets. These solutions will deliver precise route planning and real-time traffic guidance, address local user needs and continuously enhance product experience and scenario-based services. This will help automotive partners rapidly launch intelligent vehicle models with competitiveness in local markets.

The partnership enables Neusoft to combine the global end-to-end strengths of its solution with localised ecosystem resources, paving the ‘last mile’ for automakers entering the Southeast Asian and Indian markets and delivering comprehensive intelligent mobility experiences.

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Bengaluru-based electric vehicle maker Ultraviolette Automotive has secured USD 45 million from Zoho Corporation and Lingotto, one of Europe's investment management companies as part of its ongoing Series E investment round.

The investment from Zoho Corporation was led by Sridhar Vembu, Mani Vembu and Kumar Vembu.

This growth capital will accelerate the domestic and international scale-up of current products F77 and X-47, as well as future product platforms Shockwave and Tesseract.

Ultraviolette has built a design and technology-led enterprise with the F77 and the recently launched X-47.

The company has expanded to 30 cities across India in a short span of 12 months and is expanding to 100 cities by mid-2026. The F77 motorcycles were recently launched in the United Kingdom, bringing Ultraviolette's presence to 12 countries across Europe.

Narayan Subramaniam, Co-Founder & CEO, Ultraviolette Automotive, said, “We are glad to announce our Series E investment from Zoho and Lingotto. Lingotto's legacy of backing iconic performance and mobility brands, combined with Zoho's long-term commitment to fostering cutting-edge Indian innovation, aligns perfectly with Ultraviolette's mission to build category-defining electric mobility solutions for India and global markets.”

Niraj Rajmohan, CTO & Co-Founder, Ultraviolette, said, "With the ongoing Series E investments, we are doubling down on growth and expanding our production to meet increasing demand. Our focus is on advancing breakthrough battery technology, elevating performance capabilities and expanding production to support upcoming product platforms. This investment will accelerate our journey towards scaling into India and global markets."

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Agentic AI platform Disseqt AI has announced a partnership with Tata Technologies and Infosys. As per the agreement, Disseqt AI will assist both companies' IT and DevOps teams in developing and fast-tracking the production of tailored Agentic AI applications for automobile and FinTech companies globally.

The partnership aims to help auto and FinTech firms embrace customised Agentic AI faster and in a secure manner.

Disseqt AI, which has operations in Bengaluru, San Francisco and Dublin, provides an enterprise-grade platform for IT and DevOps teams. The company claims its platform cuts down Agentic AI testing and operations cost by 70 percent and improves productivity by up to 80 percent. The platform allows these teams to test, simulate and monitor their Agentic AI systems tailored across industries, ultimately enabling enterprises to operationalise tailored Agentic AI faster and at scale, without sacrificing ethics, governance and compliance.

Apoorva Kumar, Founder and CEO, Disseqt AI, said, “This is a landmark announcement for us as we further embed Disseqt into enterprise workflows for testing, simulation, monitoring and auditability purposes. We are already working closely with both Tata and Infosys on several projects and are proud to be part of their innovation initiatives”

Last month, Disseqt AI announced a strategic collaboration with HCLTech and Microsoft to guide financial services institutions with Agentic AI adoption.

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Battery and Energy Storage Europe has announced a programme focused on the EU Battery Passport, a regulatory milestone that becomes mandatory in February 2027. The Barcelona-based event will address the compliance gap for applications beyond the electric vehicle (EV) sector, which have dominated the conversation to date.

The event, taking place on 8th and 9th September 2026 at Fira de Barcelona's Gran Via venue, will focus on solutions and talks for applications that fall within the regulation's scope: stationary energy storage, industrial batteries, grid-scale systems, long-duration energy storage and emerging applications in aerospace, maritime and rail electrification.

With the February 2027 legal requirement date approaching, the programme will bring together industry leaders, technology providers, and policy experts to address the compliance challenges facing these diverse sectors.

The Battery Passport is a digital record documenting a battery's entire lifecycle, from raw material sourcing to production, performance and eventual recycling. From February 2027, it becomes mandatory for all rechargeable EV, industrial and LMT batteries over 2 kWh sold in the EU.

Linked via QR code, the passport will track each battery's complete lifecycle, including composition, carbon footprint and recycled content, fundamentally transforming supply chain transparency and sustainability practices across Europe.

The programme will explore implementation topics including digital infrastructure requirements, data management systems, supply chain integration, verification processes and recycling traceability.

Ken Davies, Conference Programme Director at Battery and Energy Storage Europe, said, "The Battery Passport represents one of the most significant regulatory shifts our industry has faced, yet many companies are still grappling with what implementation actually means for their operations. While the EV sector has dominated the conversation, there's a critical need to address how this regulation applies to stationary storage, industrial applications and the innovative battery technologies powering Europe's energy transition. With the clock ticking toward February 2027, Battery and Energy Storage Europe will shine a light on the practical implementation requirements for these often-overlooked sectors, connecting stakeholders with actionable solutions and bringing together the expertise, technology providers, and collaborative spirit needed to turn compliance into competitive advantage across the full spectrum of battery applications."

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