Global Automotive Leadership – futuristic perspective

Most of CEO’s are focusing on customer need and delights then market share. Business tending to get more focused with clear objectives of what should be achieved. Ability to predict patterns will help many Automotive companies to plan production capacities better.

International purchases of imported automotive parts cost a total US$400.1 billion in 2019 and most of automotive vehicle sales suffered due to COVID. India being the sixth largest auto producers, own less than 1 percent of global market and there is a felt need to improve productivity levels in India. There is need for more investments in innovation and skills. Indian Automotive companies will need to invest in research and development of various peripherals to ensure more durability of various components.

The duty hikes on imported items do tend to increase the overall costs, however POST COVID there will be an increase in purchase of budget vehicles which helps individuals and family maintain social distancing rather than using public transports.

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