this was increased to two airbags dual front airbags for category m1 vehicles manufactured after january 1 2022the airbag industry is one of the fastest growing auto component segments and is expected to benefit from the increase in content per vehicle arising from higher regulatory requirements and voluntary increase in the number of airbags per vehicle for enhancing safety accordingly icra expects the industry to grow to rs 60007000 crore by fy2027 from the current levels of rs 24002500 crore at a 4year cagr of 2530earlier only one airbag per car the driver airbag was mandatory until july 2019 this was increased to two airbags dual front airbags for category m1 vehicles manufactured after january 1 2022 vehicles that can seat up to eight passengers and weigh less than 35 tonnes for m1 category vehicles manufactured after october 1 2023 two side airbags and two side curtain airbags are required to prevent torso injury for people occupying front row outboard seating positions and head injury for people occupying outboard seating positions advt giving more details ms vinutaa s vice president and sector head icra says the mandatory content per vehicle for airbag manufacturers is expected to rise from rs 30004000 currently to rs 800010000 by october 1 2023 the average number of airbags per car sold is about three currently and this is expected to increase significantly post the mandatory implementation of six airbags per car from october 01 2023 the cost for oems could increase further depending on modifications required in cars structural changes and deployment of additional sensorsthe inflator forms about 50 of the total airbag cost while the cushion and other components form the remainder the industry currently imports 6070 of its components primarily from overseas parents or joint venture partners stemming from a lack of indigenous technological capability and an absence of adequate volumes unless there is adequate backward integration for the incremental airbags expected to be produced the import content would only increase further going forwardthere is immense scope for localization and development of tierii vendor ecosystems in this space and increasing volumes could make this economically viable it can improve margins through greater value addition and ease supplychain challenges for airbag manufacturers airbag component manufacturing is a part of the pli scheme which facilitates an increase in indigenous manufacturing given the potential for a multifold increase in airbag volumes most airbag manufacturers are in the process of localising key componentsadding further ms vinutaa says capacity building in the next one year is critical to meet regulatory requirements in a timely manner several players have started undertaking capacity enhancements in the last 68 months to gradually scale up their facilities and icra expects a capex of rs 10001500 crore in the next 1218 months for capacity enhancements and localisation measures advt also read audi india opens audi approved plus facility in kozhikode keralathe facility offers quality assurance with 300 multipoint checks and 24x7 roadside assistance for customers the company saidsee more details etauto published on