Zee Biz Exclusive: Govt to make 6 airbags mandatory in private vehicles, sources say – airbag maker Rane (Madras) share price jumps 15%

In good news for the domestic airbags manufacturing companies, the central government is all set to make six airbags mandatory in any segment of private vehicle. At present, it has already been made compulsory for automobile companies to install at least two airbags at the front. 

In a Zee Business exclusive, correspondent Chetan Bhutani while speaking to Managing Editor Anil Singhvi decodes the details informed by sources that how soon the vehicles across segment would get six airbags.

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Rane (Madras), an auto parts and equipment manufacturer, is one of the leading domestic companies to produce private vehicles airbags. The shares of Rane (Madras) have jumped over 15 per cent to touch a day’s high level of Rs 437.65 per share on the BSE intraday trade today.

Bhutani says, Union Road and Transport Minister Nitin Gadkari has already signed the file couple of days ago and has ordered the ministry officials to start working on the implementation of six airbags in the vehicles. He adds, the government to come out with a draft notification mostly within 30 days.

ZEE BUSINESS EXCLUSIVE

राणे मद्रास के लिए अच्छी खबर

कारों में 6 एयरबैग अनिवार्य करने के लिएए नितिन गडकरी का अधिकारियों को काम शुरू करने का आदेश, 30 दिनों में आएगा ड्राफ्ट नोटिफिकेशन- सूत्र

पूरी खबर जानने के लिए देखिएय ये वीडियो#Airbag #Auto @AnilSinghvi_ @BhutaniChetan pic.twitter.com/RKEZnz4yq6

— Zee Business (@ZeeBusiness) August 18, 2021

Similarly, the government will also have consultation and discussion with the auto sector players regarding implementation of the same. Amid the increase in airbags, the design and size of the cars have to be re-looked as well as there are chances of prices of these vehicles to go up, says Bhutani.

The timeline to fit six airbags with respect to old and new vehicles are yet to be decided, which will only happen after consultation with the auto companies, adds Bhutani.

Earlier on August 3, 2021, Gadkari had called upon a meeting with auto manufacturers and appealed all Private Vehicle Manufacturers to compulsorily provide a minimum of 6 Airbags across all variants and segments of the vehicle, in the interest of passenger safety. 

The mandatory two airbags norm has also been deferred due to technical issues and covid concerns, Bhutani points out.

This is positive news for all the domestic airbags manufacturer companies, says Bhutani adding further that these companies would get orders for four extra airbags that would be fitted in private vehicles going forward.