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We see acceleration by mid of 2022
Though the Covid 19 pandemic pulled the market back, India has a promising future. As assembly experts, Atlas Copco combines innovative assembly technologies like tightening, self-pierce riveting, adhesive dispensing, etc that increase productivity In this interview, K Aurunagiri, Business Line Manager - Motor Vehicle Industry, Atlas Copco, elaborates more on the company’s offerings and growth plans.Read more
Pumps And Valves: Growing At a Steady Clip
Assurance about growth is like music to the ears. So is the case with the Indian pumps and valves industry. According to Frost and Sullivan, the compounded annual growth rate (CAGR) for the pumps and valves industry would be between 15-17% for the next five years. The pump industry is growing at the rate of 15% per year. The organised sector size is around Rs 2,500 crore and the unorganised is around Rs 2,500 crore.Read more