Technology is redefining the business landscape in automotive manufacturing, right from strategy and execution to outcome. Innovative business models have become imperative for business growth.
Automotive manufacturing is currently facing what might be its most supreme revolution. Liberalisation has made both international and Indian markets progressively integrated, opening new markets. Automobile manufacturers today have challenging requests as new trends define the space.
Proliferation of electric vehicles
We have entered the era of the next-gen mobility solutions that are not only sustainable but also clean. Over the last couple of years, India has witnessed a massive thrust towards the deployment of electric vehicles both in private as well as public mobility domains. Industry specialists and experts have predicted that electric cars, in the long run, will prove to be more economical than their petrol and diesel counterparts. Next in line is putting the required ecosystem in place.
This is certainly the most interesting development that will be ruling the automotive arena. However, self-driving vehicles are still being tested. Autonomous driving could rapidly catch up across markets. The alliance between these advanced technologies needs to be acknowledged for this ideation.
Connected vehicles will have the ability to share particulars about driving situations such as sudden decelerating, speed, weather conditions and others. This is just the commencement of vehicle-to-vehicle-communication, which will progressively turn out to be a common feature on every vehicle. This is why issues like car sensors, vehicle transmissions and wireless infrastructure have been a part of widespread conversations over the past few years.
Blockchain is being leveraged to check black marketing. Eliminating the fake parts from the market can improve limpidity and effect in very well-organised evaluating policies. This technology can generate precise, important decorum for the growing important supply chain.
3D printing is a technology that has been slowly making inroads into almost every aspect of our life and the automotive sector is no exception to this. It can help in developing a vehicle on a solid chassis with its exterior body devised for a single crash and replace just the outer body cost-efficiently while retaining the chassis.
As we compete on the global stage, we see greater opportunities in the green transport space as much of the world is looking to reduce its dependence on fossil fuels. Our R&D efforts stand us in good stead to grab this rising opportunity.
Disclaimer: The views expressed in the article above are those of the authors’ and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.