New Delhi, India: The turnover of India’s auto component industry stood at US$39 billion for the period April 2015 to March 2016, registering a growth of 8.8 percent over the previous year and a CAGR of 6 percent over the last six years.

Teamwork between human and machine is key in enabling manufacturers to ride on the growth of the automotive industry. By Shermine Gotfredsen, general manager, APAC, Universal Robots

London, UK: The global aluminium market for the automotive industry is expected to grow at a CAGR of 4.5 percent from 2016 to 2020, according to a market study released by Technavio, mainly due to increasing demand for energy-efficient lightweight vehicles.