Automotive industry trends 2017 pdfIndeed, what is especially notable about the current wave of innovation in automobiles is not so much the speed with which it has emerged (though that is remarkable) as the breadth of the innovation — how significantly it is altering the basic contours and features of the conventional automobile and amplifying the difficulty and cost of manufacturing automobiles. Ubiquitous electronics, a selection of digital solutions, and novel powertrains and connectivity systems are hastening the need to have for pricey new parts, components, and functions. For OEMs, the price tag tag is higher — as much as 20 percent higher than the cost of the earlier generation of automobiles.
The automobile market in India is world’s fourth biggest, with the country at present being the world’s 4th biggest manufacturer of automobiles and 7th biggest manufacturer of industrial automobiles in 2017. Indian automotive sector (including element manufacturing) is anticipated to reach Rs 16.16-18.18 trillion (US$ 251.4-282.eight billion) by 2026. Two-wheelers dominate the market and created up 81 per cent share in the domestic automobile sales in FY18. All round, Domestic automobiles sales elevated at 7.01 per cent CAGR among FY13-18 with 24.97 million automobiles becoming sold in FY18. Indian automobile market has received Foreign Direct Investments (FDI) worth US$ 20.36 billion amongst April 2000 and September 2018.
Offload more improvement function to technology suppliers. A lot of automotive companies are hugely involved in creating the new technologies their buyers want — whether or not it is the human-machine … READ MORE >>>