Bosch, Uno Minda: Analysts bet on airbag makers on govt push for car safety

Implementation of airbags in other vehicle segments over the medium term will offer further revenue upside for airbag manufacturers, as per rating agency ICRA

The government’s focus on road safety has put auto component makers in the limelight, especially those who manufacture airbags and related components.

The mandate to fit in four additional airbags on top of the existing two in every new car variant and strong passenger vehicle (PV) sales growth will benefit auto component companies in this space, say analysts.

The centre’s mandate for all M-1 category cars (eight seaters) to be fitted with a total of six airbags was deferred last year citing global supply issues. It will now kick into effect from October 1, 2023.

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