Global automotive industry forecast 2020Annual production to hit all-time record of two million cars in 2020, beating former 1970s higher. Industry players are focusing on introducing advanced LED lighting solutions as well as expanding their presence in growing automotive markets such asChinaandIndia. For instance, Magneti Marelli, a leading manufacturer of advanced lighting options for automotive market, has set up new plants in India and China in fiscal year 2014-15 to take benefit of these expanding automotive markets.
Volkswagen Emission norms, tighter emission norms, and Safety norms are challenges for Automotive Sector. Most of the main OEMs are focusing on Autonomous and Driveless vehicle but on the other hand, organizations need to check its suitability with current infrastructure in emerging markets. The Indian auto market became the 4th biggest in the globe with sales escalating 9.5 per cent year-on-year to four.02 million units (excluding two wheelers) in 2017 and it was the 7th biggest manufacturer of commercial autos in 2017.
Within the global automotive magnesium alloys marketplace, the passenger automobile segment is anticipated to remain as the biggest industry by volume consumption. The improvement of new magnesium-primarily based sheet metal for automobile body is expected to spur growth for this segment more than the forecast period. North America is expected to stay the largest marketplace due to high penetration of magnesium alloys material in the automotive business.
Automobile Industry In India, Indian Automobile Market, Sector, Trends, Statisticsglobal automotive industry forecast 2020
global automotive market forecast 2020Electric vehicles , autonomous vehicles, car-to-automobile connectivity-anyone who pays even a little bit of consideration to the automotive business has an inkling of what the future of driving will appear like. start off a broad consultation on CO2 regulatory policy for vehicles and vans beyond 2020. steer the operate of the two informal operating groups on … Read More