Automobile industry is one of the biggest sectors in the market. This industry being related to engineering, design, distribution and marketing processes provides employment in this sector as well. This industry has grown incredibly in last few years. There is a very diverse demand for automobiles in areas with less population or remote areas of the country, whereas the demand is growing day by day in the developing countries and highly populated regions. Due to an extreme rise in the industry India has also grown substantially in this sector in past few years.
Few of the recent surveys have stated that automobile industry has fetched USD 12232.06 million in last few years. There is a quite increase in the automobile dealers and distributors over the period of time. The changes in the worldwide inflation, interest rates and fuel prices are the result of increased rates of automobile ownership. Car dealers have to make sure that there is a proper demand supply management so as to avoid the discrepancies in the market. Automobiles are categorized according to the types of fuel they consume for their operation. Diesel, Petrol, Gasoline, Hybrid Fuels and electric are the most basic type of fuels used. Nowadays, Electric cars are also introduced which are also known as EV’s and are in demand and used on a large scale as they are eco-friendly. Latest trends those are emerging in automobile industries are mentioned as below: Cloud and big data: Standardized processes and computerized data transactions are the most preferable things for the manufacturers, automobile dealers and automobile distributors. The cloud-based technologies help them achieve standardised operations and procedures. This helps in reducing infrastructure costs and increase operational efficiency. With the help of cloud the manufacturers now share data more accurately, quickly and securely with the distributors and dealers to avoid any ambiguous situations. Go green: Automobile industry has started using different energies for the operation of the vehicle to reduce the pollution level caused by this industry. India has a big issue with the old vehicles on road which still contributes to the 90% of the automobile pollution. By 2020 Indian government plans to be one the most safe and secure countries in terms of pollution. Intelligent public transportation: It assures the safety of the passengers as well the drivers of these buses. And thus reduces ample of risks involved with this. Buses will be installed with on-bus intelligent transport system which will display information about vehicle health, passengers, and routes. Connected Cars: These will help drivers in understanding the breakdowns in the vehicles and thus warn the driver about such issues and help him eliminate this. Connected cars are the future of the automobile industry. For all this purpose the tool that will be installed is called as Predictive Diagnostic Tool. It will also help to understand about the traffic reports on the roads, parking assistance in particular areas. This adds value to the convenience and safety to the travel making it enjoyable for drivers as well as passengers.
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September 2016
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