For the Indian automotive industry, which is a significant contributor to the country’s manufacturing GDP, the investment in automation, innovation and new product development presents both a challenge and an opportunity towards ensuring that India remains an important part of the emerging supply chain.
This CII-Grant Thornton in India knowledge paper covers the important themes of innovation, new product development and globalisation that are changing the auto industry landscape. It captures the views of both OEMs as well as tier 1 suppliers and the shifts companies are making or expected to make in the light of the rapid changes in the automotive landscape such as multiple breakthrough technologies as well as changing consumer preferences and regulatory environment.
