The Indian government introduced 100% FDI into the automotive and automotive component sector. As a result, many foreign companies have started establishing facilities in the country for manufacturing vehicles for the local and global markets. For instance: One of the biggest Chinese automobile manufacturers, SAIC Motor, planned to invest USD 1 billion by the end of 2018. It is also exploring possibilities for setting up a manufacturing unit in one of the three states of Maharashtra, Andhra Pradesh, and Tamil Nadu. Kia Motors is investing approximately USD 1.1 billion in India, and intends to set up a greenfield car plant to produce 3,000 units a year. One of the biggest automotive manufacturers in the world, BMW, is planning to manufacture a local version of below-500 CC motorcycle, the G310R, in the TVS Motor’s Hosur plant, in Tamil Nadu.

Ultrafast or ultrashort pulse lasers have become essential manufacturing tools across industries, such as automotive, medical device, and consumer electronics, owing to the advantages, such as enhanced dimensional accuracy and tighter tolerances, and elimination of post-processing steps.

The used car market in the country is growing rapidly. The main reason for the same has been the advent of organized players in the market, which has taken care of the trust deficit, plaguing the Indian used car market for ages. A decade ago, almost all of the sales in the Indian used car market took place in the unorganized sector. Sellers would pass substandard products to the buyers. Thus, most people preferred to buy cars in their family and friends circle, and from acquaintances.

production, the Indian automotive market consumes over 0.28 million metric ton of die casting. The Indian automotive parts aluminum die casting market (henceforth, referred to as the market studied) was valued at USD 1,691.17 million in 2018, and is projected to reach USD 2,754.83 million by 2024, projecting a CAGR of 8.88% during the forecast period (2019-2024).

The factors driving growth of the market studied include - the rising demand for miniature electronic devices and increasing adoption of SoC technology across various industries, such as automotive, IoT, and AI. The upcoming trend of EDA toolset with machine learning capabilities also contributes to the growth of the market studied. Significant investments have been made during 2017-2018, which are also aimed at empowering designers for the reduction of the number of errors, thereby saving significant time.

The demand for extra luggage space has increased off late. For family trips and weekend trips, the amount of luggage that the family or the person carries has increased over the years. This is also coupled by the amount of accessories that a luggage requires when a person goes on an adventure trips. Increasing luggage would require the owners to add a roof rack to the car to transport extra luggage. Nowadays, people carry more clobber, go on more holidays, and participate in sports that require more bulky kits than just a football or tennis racquet. Even a couple of mountain bikes carried on a rack can contribute to the rising demand for car racks. All such events demand an extra luggage space, which is more than a conventional boot space.

Since 2017, competition in Mexico’s light vehicle industry has been intensifying, as an increasing number of carmakers have opted to adapt their product portfolio to capture growing demand in the US market for light commercial vehicles. Despite uncertainty surrounding the renegotiation of NAFTA, Mexican exports of light vehicles to the US reached a new record high of 3.5mn units in 2018. Motor vehicle producers with a faster adaptation and a higher export orientation experienced the best results over the last two years, while companies that relied more on the domestic market underperformed, due to a decline in new vehicle sales in Mexico in both 2017 and 2018.

The report incorporates the study of the global E-axle market that focuses on the type of drives and type of component used in E-Axles unit. The E-axle functions on electric vehicles and integrated combustion engine. Moreover, the usage of alternative fuel and electricity in these vehicles leads to zero emissions, making them ecofriendly. The advent of electric axle unit in vehicles serves to be a paradigm shift in the modern world. Automobile manufacturers are inclined toward electric and alternative fuel vehicles due to implementation of vehicle emission regulations.

The government policies have been conducive yet stringent to encourage the sales of commercial vehicles in the region, in order to meet the rising demand from logistics, ecommerce, and construction sectors, as well as focusing more on emission norms and safety systems. The capital requirements are high for new entrants to enter the market, as the market is majorly tapped by the Japanese, Chinese, and European manufacturers, and are competing aggressively to gain competitive advantage. Access to distribution channels are moderate as the market is concentrated with new and used vehicle sales of existing brands with competitive pricing. New entrant’s strategy to launch commercial vehicles with perceived level of product differentiation remains low, as it incurs additional costs to exceed the features offered by major players.

A transceiver is a device consisting of both receiver as well as transmitter, which are combined and also share common circuitry. Three types of transceivers are deployed in automotive applications, which cover CAN transceiver, LIN transceiver, FlexRay Transceivers, and others. The global automotive transceivers market is dynamic in nature, and is expected to witness significant growth during the forecast period, owing to rise of electronic integration in automotive. Increase in trend of connected cars and rise in popularity of autonomous vehicles are anticipated to create enormous opportunities within the automotive industry for transceivers.