Automotive Industry News
Further, the rating agency noted moderation in prices of key raw materials will support their operating margin to reach the pre-pandemic levels of 12.0-12.5 per cent against 11.9 last year.
Researchers from the Nissan Research Centre in Silicon Valley and NASA Ames have been working together to advance autonomous vehicle systems.
Almost 70 percent of automobile sales -- translating into transactions worth about USD 40 billion -- in India would be "digitally influenced" by 2020 from the current USD 18 billion, a report today said.
Jayant Sinha is optimistic that automotive industry will take Indian manufacturing sector to the new heights.
India's automotive industry is expected to reach 7 million vehicles milestone by 2020, making the country the third-largest auto manufacturer in the world, behind the US and China, a top official at Ford Motor has said.
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