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Movers & Shakers Interview with Mr. Vasudevan Krishnamachari, President & Head, Light Vehicle Business Unit, Brakes India and Mr. Rajiv Balagangadharan, Head, European Business, Brakes India

Frost & Sullivan

VK: Given the low penetration (cars per 1000 people), passenger car demand in India has been driven by urbanization, personal mobility preferences, rise in disposable income and finance availability, apart from fuel prices/running costs. In the commercial vehicle segment, global market size is projected to grow at a CAGR of 3.7%