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Four auto sector trends to look at in the next five years

Four auto sector trends to look at in the next five years

India is expected to be the world's third-largest automotive market in terms of volume by 2026 and is currently valued at $118 bn. Despite the ongoing pandemic, the Indian auto industry has shown immense resilience and is facing the challenges posed by the pandemic head-on. The government is also taking adequate initiatives to boost the auto industry by offering product-linked incentives, scrappage policy etc. Manav Kapur, Executive Director, Steelbird International, delves into the automotive sector rapidly integrating technologies in the coming future.

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Softbank and Honda to develop connected car technology with 5G

Softbank Corporation and Honda Motor Co Ltd announced that they have begun discussions toward a joint research project to strengthen connected car technologies which will offer new experiences and value by connecting mobility products, primarily cars, and various other things.