DISRUPTION APPROACHING: FIVE TRENDS TO WATCH FOR IN INDIAN AUTOMOTIVE INDUSTRY
Siliconindia - India Edition|June 2020
DISRUPTION APPROACHING: FIVE TRENDS TO WATCH FOR IN INDIAN AUTOMOTIVE INDUSTRY
Electro Rent is committed to delivering outstanding service at every step with a team of over 442 test equipment specialists, including highly skilled engineers, a fast and responsive customer service team, and an excellent global logistics operation.
Ajay Gulati

Indian automotive sector ranks 4th highest in the world and is growing at a rate of 9.5 percent per year, as per the IBEF survey. Government-sponsored initiatives like ‘Make In India’ have ushered the growth further wherein, the automotive industry has received a cumulative FDI of $21.38 billion since 2000, as per data by Department for Promotion of Industry and Internal Trade (DPIIT). Further, the Indian component makers are gearing up to embrace R&D and push investment into technology to emerge as a global hub of innovation. With increased dispersion of technology, consumer demand and high industry competition, the gestation period of introducing innovative concepts in the automotive industry is reducing.

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June 2020