· 12. March 2023
Amidst the global energy crisis and continued supply-chain disruptions, the automotive industry players are exploring options to reintroduce the sector. By implementing cloud computing and electric vehicles technology, the industry is entering fast into a revolutionised age with the primary aim of offering the consumer a value-added experience.
· 10. December 2021
The Indian automotive industry is one of the strongest business sectors in the country. As of FY 2021, the annual contribution of this sector stood at 49 % of the manufacturing GDP. Also, reports state that the automobile sector in India is estimated to reach a valuation of USD 251.4-282.8 billion by 2026. However, irrespective of the impeccable growth statistics, the Indian automobile industry is undergoing a significant structural slowdown in all 4 segments (passenger, two-wheelers,...
· 15. October 2021
Three major Asian countries India, Japan, and Australia, launched Supply Chain Resilience Initiative or SCRI, with a vision to prioritize certain sectors. The considered sectors include automobiles, petrochemicals, IT services, and others. As a result of this initiative, Japanese giants are shifting their manufacturing hub in India. This move is also encouraged by financial assistance from the Japanese Government and the favorable manufacturing conditions offered by India. Major companies are...
· 12. August 2021
Automotive Industry: Automotive Components Sector in India – 2021 (Growth Analysis) Automotive Components Sector in India accounts for almost 2.3% of the nation’s GDP. Over the last couple of years, the auto-component industry in India has experienced steady growth, and as per industry reports, it has expanded by a CAGR of 6% between FY 2016 and FY 2020. Various data on recent market trends also estimates that due to the high prospect of development across diverse auto sectors and changing...
· 15. April 2021
As per recent Industry reports published, India’s electric vehicle market (EV) is estimated to emerge as a $7.09 billion opportunity by the year 2025. Furthermore, the Indian government is also revamping measures with an aim to achieve 100% electric vehicle mobility by 2030. In fact, the Indian EV market is anticipated to witness a robust CAGR growth of 42.38%. Such immense transition in the Indian EV industry certainly promises a proliferating opportunity for foreign investors who are...
· 29. January 2021
The global automotive industry has always been a market where the industrial and technology sector unsettles to bring out groundbreaking answers. The global automotive sector is adopting technologies such as Artificial Intelligence (AI), Big Data & Analytics, which have been seen for a long time, and newer technologies such as the Internet of things (IoT), and Blockchain are a few of the newest introductions in terms of technology. With the increased digitization of the world, the Global...
· 20. December 2019
India’s automobile industry is one of the largest in the world. It manufactures 25 million vehicles annually, out of which over 3.5 million are exported to other countries. In the year 2019, India’s automobile exports grew 14.5% and is poised to grow at a CAGR of 3.05% during 2016-2026. Initiatives taken by the Indian Government and automobile players are driving the country’s automobile industry to new heights. With this consistent growth, India is expected to emerge as the third largest...
· 04. December 2019
With an inspiring history dating back to 1973, this Premium Motorbike Accessory brand from Italy has truly come a very long way from just being a small factory in the heart of Italy’s Brescia to becoming world’s most trusted brand in motorbike accessories. Real passion, attention to detail and Italian designs are three foundational blocks that define the company’s legacy. It has got several branches in different countries today and hire more than 500 employees all over the world. The...
· 23. February 2019
Landing at Rank 77 in the Ease of Doing Business report released by the World Bank, India has observed certain remarkable improvements in terms of economic growth and creating opportunities for industry giants in the country with the help of business development consultant in terms of setting up business in India. The country’s automotive sector became the world’s 4th largest in the world with its sales increasing 9.5 percent year-on-year to 4.02 million units in the year 2017. Last year,...