Passenger Car AC Market to Grow at 10%
2019-02-02
According to a report by Research & Markets, 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 ancillary sector, rising local manufacturing due to the Make in India initiative, and virtual simulation and prototyping for optimization in design, cooling, airflow, and footprint of automotive air conditioning systems.
