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DISRUPTION APPROACHING: FIVE TRENDS TO WATCH FOR IN INDIAN AUTOMOTIVE INDUSTRY
Siliconindia - India Edition
|June 2020
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.
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.
This story is from the June 2020 edition of Siliconindia - India Edition.
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