![Refurbishing Industry Is Bouncing Back](https://cdn.magzter.com/1391768520/1647291832/articles/QCIrgCAFP1647349467213/Refurbishing-Industry-Is-Bouncing.jpg)
Q. At the business end of the FY2022, what is the outlook for automotive coatings across segments from a short to medium-term perspective?
A. With the Covid-19 situation improving, accompanied by a favourable market scenario across the automotive sector and the government's thrust to infrastructure and Electric Vehicles (EVs), the market for automotive paints is expected to observe a decent growth in demand. We expect to reach the pre-pandemic levels in terms of business value. From a long term perspective, we see a lot of positive trends due to various policies such as the new scrap policy and the changing market dynamics. As Covidig ebbs and normalcy is restored, India's automotive paints industry is poised to bounce back. As per recent industry estimates the Indian automotive paints and coatings market is expected to grow at a Compounded Average Growth Rate (CAGR) of over 30 per cent during 2021-26.
Q. Your take on the aftermarket for paint and consumable solutions?
A. India's automotive industry has experienced a sharp rise in the sale of used or second-hand vehicles. During the past couple of years, the second-hand market has taken a driver seat and is in fact expected to exceed the new car sales in a few years. As per a recent industry report, the used car market in India is expected to reach a volume of a whopping 70 lakh units in 2025-26, from 38 lakh units in 2020-21. This sharp growth across the used vehicle segment will further trigger the growth of automotive paints and consumable solutions as well.
Q. What is the outlook for industrial coatings for the coming years?
This story is from the March 2022 edition of Auto Components India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2022 edition of Auto Components India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
![KEEPING YOUR COOL](https://reseuro.magzter.com/100x125/articles/5548/1737096/K0uIdzVby1718716845282/KEEPING-YOUR-COOL.jpg)
KEEPING YOUR COOL
Many resources are allocated for optimal thermal management in ICE and alternative green mobility solutions. Ashish Bhatia scouts the key advancements and aftermarket inclusions.
![AFFORDABLE MECHANISATION](https://reseuro.magzter.com/100x125/articles/5548/1737096/p-XG3rzLG1718719909527/AFFORDABLE-MECHANISATION.jpg)
AFFORDABLE MECHANISATION
In an Industry Talk session, Jalaj Gupta, Business Head - Commercial Vehicles at Mahindra & Mahindra Ltd. discussed the future of affordable mechanisation with Ashish Bhatia.
![SECURITY AND FIRE EXPO](https://reseuro.magzter.com/100x125/articles/5548/1737096/DPb7kvUUa1718719430448/SECURITY-AND-FIRE-EXPO.jpg)
SECURITY AND FIRE EXPO
The second annual edition of the security and fire exhibition showcased the latest advancements relevan to the automotive industry, writes Riya Yerunkar with Aditya Sharma.
![SIMULATION-DRIVEN SOLUTIONS FOR AUTOMOTIVE ELECTRONICS CHALLENGES](https://reseuro.magzter.com/100x125/articles/5548/1737096/NGrR_mR841718719137538/SIMULATIONDRIVEN-SOLUTIONS-FOR-AUTOMOTIVE-ELECTRONICS-CHALLENGES.jpg)
SIMULATION-DRIVEN SOLUTIONS FOR AUTOMOTIVE ELECTRONICS CHALLENGES
Automotive electronics, critical to modern vehicle success, face challenges that require innovative solutions like simulation to ensure reliability, safety, and compliance, writes Sudheer Reddy, Sales Director, Ansys Software Pvt. Ltd.
![HEALTH OF AN INTERNAL COMBUSTION ENGINE ACHIEVING MORE](https://reseuro.magzter.com/100x125/articles/5548/1737096/w7BwhD_uP1718718852218/HEALTH-OF-AN-INTERNAL-COMBUSTION-ENGINE-ACHIEVING-MORE.jpg)
HEALTH OF AN INTERNAL COMBUSTION ENGINE ACHIEVING MORE
Of late we are seeing a massive trend in the electrification of vehicles, however, the reports say despite that ICE will continue to dominate the market in the Asia Pacific, including India, write Krishna Gowdaman A (Application Engineering Specialist, India, Automotive Aftermarket Division, 3M) and Suparno Hazra (Application Engineering Manager, South APAC, Automotive Aftermarket Division, 3M)
![ADAPTIVE V2V CHARGERS](https://reseuro.magzter.com/100x125/articles/5548/1737096/u8MI1Nq_z1718718129414/ADAPTIVE-V2V-CHARGERS.jpg)
ADAPTIVE V2V CHARGERS
The students of Mahindra University Hyderabad developed adaptive V2V chargers using bidirectional converters, and claimed to enhance EV charging flexibility, writes Richa Tyagi.
![LUMAX CORNAGLIA MOULDING SOLUTIONS AT CHAKAN](https://reseuro.magzter.com/100x125/articles/5548/1737096/z7gPG8eUG1718717640135/LUMAX-CORNAGLIA-MOULDING-SOLUTIONS-AT-CHAKAN.jpg)
LUMAX CORNAGLIA MOULDING SOLUTIONS AT CHAKAN
Equipped with the latest technology and hi-tech machinery, Lumax Cornaglia is all set to offer new-age moulding solutions from its Chakan facility to OEMs, writes Prajakta Chavan Rane.
![DÜRR BUILDS THE FIRST EU TAXONOMY-COMPLIANT PAINT SHOP](https://reseuro.magzter.com/100x125/articles/5548/1737096/lad_eWzxv1718717275784/DRR-BUILDS-THE-FIRST-EU-TAXONOMYCOMPLIANT-PAINT-SHOP.jpg)
DÜRR BUILDS THE FIRST EU TAXONOMY-COMPLIANT PAINT SHOP
Paint shops must become \"greener\" to help vehicle manufacturers feel certain about meeting their ambitious climate targets, writes Team ACI.
![BUSWORLD SOUTHEAST ASIA: A PREVIEW](https://reseuro.magzter.com/100x125/articles/5548/1670753/it2qLLsvz1713439298219/BUSWORLD-SOUTHEAST-ASIA-A-PREVIEW.jpg)
BUSWORLD SOUTHEAST ASIA: A PREVIEW
The third edition of Busworld Southeast Asia 2024 assures a blend of comfort, innovation, and sustainability this year,
![INDIA RUBBER EXPO 2024: THE RUBBER INDUSTRY LANDSCAPE](https://reseuro.magzter.com/100x125/articles/5548/1670753/6Ru3Qd21E1713438962369/INDIA-RUBBER-EXPO-2024-THE-RUBBER-INDUSTRY-LANDSCAPE.jpg)
INDIA RUBBER EXPO 2024: THE RUBBER INDUSTRY LANDSCAPE
In the fast paced metropolis of Mumbai, the towering skyscrapers and bustling streets made for a perfect backdrop to the India Rubber Expo 2024 (IRE 2024). Hosted by the All India Rubber Industries Association (AIRIA), this biennial spectacle aimed to reshape the rubber industry's landscape, both at home and abroad write Aditya Sharma and Upendra Kasbekar.