The Indian passenger car air conditioner market is forecast to grow at a CAGR of around 10% by 2023. The anticipated growth in the market can be attributed to growing investments in the automotive and auto ancillaries sector, rising local manufacturing due to the Make in India initiative, and virtual simulation and prototyping for optimisation in design, cooling, airflow and space of automotive air conditioning systems. Technological advancements in air conditioning systems, such as the secondary loop mobile air conditioning system to reduce air pollution and global warming, are further anticipated to propel the Indian passenger car air conditioner market in the coming years.
(Source: Research & Markets)
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