Car Innovations 2019

Factors That’ll Drive the Indian Auto Industry Indian auto market was an island in the pre-liberalization era, thanks to restrictive regulatory norms, and high import duties and taxes. Liberalization changed it all in 1992, facilitating the entry of Foreign Direct Investment and the best vehicles, brands and technologies into the Indian auto space. With the auto industry coming of age, India capped off 2018 with production of over 30 million vehicles and an impressive 6.26 percent growth rate. Presently, it’s one among the top 7 auto manufacturers and the 4th largest auto market in the world. While the signs are encouraging, speculations are ripe on how a few local and global trends will shape up in coming times. Let’s discuss the some key factors that shape these trends. Policy initiatives : The Government of India is keen to attract more foreign investments into the auto sector, raise the bar in the auto technology India , and cut down carbon footprint significan...

The automotive industry sits amid a transformation perpetrated by technological headways, sustainability legislation, and new mobility business models. Cars of the future will be carrying us from point A to B, but the way we drive, commute and interact with cars is bound to change. As it often turns out to be, most trends are just passing fads while only a few have what it takes to go mainstream. Here’re the four disruptive trends expected to gain traction and redefine personal mobility, car ownership preferences, and above all, the future of motoring.    Electric cars (EVs) : With mounting fuel prices and tightening ecological regulations, the auto industry is forced to go electric. The transition is gradual but aptly evident, as EVs’ global market share has reached 2.1% in 2018, up from 1.3% in 2017. It’s evident more in countries like China and the US where the development and adoption of electric technology are incentivized through policy initiatives. Riding h...