Business Standard

R&D spending picks up again at automobile companies in 2017-18

That fall in 2016-17 and the somewhat moderate rise (4.7 per cent) in FY18, came after steep rises in earlier years, as the industry tried to meet tighter rules

chart
Premium

Shally Seth MohileSachin P Mampatta Mumbai
Automobile companies’ spending on research and development (R&D) grew 6.28 per cent in 2017-18.

While this is better than the -0.34 per cent seen in FY17, it is still a far cry from the double-digit growth in the three previous years. 

This moderation is despite record sales, and changing regulations which require more research and development spends. New advanced emission, fuel efficiency and safety rules are to take effect over the next three to four years which will require companies to develop the technology to meet these norms. Automobile sales in India are up 14 per cent to 2,49,72,788 in 2017-18, the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 30 2018 | 5:30 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com