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Automotive Product Finder Magazine | Auto industry revving up the efficiency meter
Auto industry revving up the efficiency meter
RICO Auto set to enter CV and tractor segments in its aftermarket drive
Growth of automobile industry expected to generate huge demand
A sea of change is occurring in the automotive industry and rather than one, it is an amalgamation of different factors. We are staring at the threshold of the auto industry’s Renaissance. The inception of IoT’s consolidation has started, and the automotive industry is not exempt of it. All new cars on sale are mandated to conform with the Bharat New Vehicle Safety Assessment Program (BNVSAP) crash safety norms as well. The new regulations also make dual airbags mandatory on all 4-wheelers. The proposed Corporate Average Fuel Economy (CAFE) norms make it necessary for all the cars to be more fuel efficient, eventually aimed at reducing the carbon footprint. India is fiercely combating environmental challenges as well as strategising on energy security, and this opens up doors for green mobility.
The dawn of automation in fact brings changes to several aspects of driving. Fundamentally, automation makes vehicles of tomorrow more attractive. It no longer serves the solitary purpose of a mode of transport that locomotes us from point A to B. Digitisation has become ubiquitous, due to which our everyday living spaces will also allow for increasing integration of mobility. Vehicle-to-everything technology, ADAS, digital twinning, autonomous driving, etc., are offering smart traffic solutions, parking management, fleet management and several other mobility solutions.
Expensive imports shoot up costs of vehicles. Experts opine, the industry has to invest on R&D and prepare professionals for meeting requirements of future.
Advancement in powertrains, autonomous vehicle and growing awareness about harmful gas emissions are shaping the automotive industry worldwide. Innovations in the short term would lead to a more safe and comfortable driving experience for the end users. According to experts, automakers who can realign their aims and investments in such developing environment, are the ones anticipated to stay ahead of the curve and succeed in adapting to the changing industry.
Corporate Average Fuel Economy
Smart Traffic Solutions
Bharat New Vehicle Safety Assessment Program
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