Automotive industry requires the consumption of steel, iron, aluminum, plastic, glass, carpeting, textiles, rubber, and much more. Its importance can be determined by the place of motor transport in the infrastructure of the national economy in today's time as it is continuously booming involving an increasing number of countries while constantly changing.
India annually manufactures 11 million vehicles and exports about 1.5 million each year. In 2020, India reached around exporting 4.7 million vehicles. Apart from this, India is the largest tractor manufacturer, second largest bus and two-wheeler manufacturer, third-largest heavy truck manufacturer, and fourth-largest car manufacturer in the world and as per the prediction it is expected to be the 3rd largest automobile hub in the world by 2026.
With the new age technologies, the automotive industry is not focused just on transportation but moreover, is all about customers expectations, which has been rising high on three counts: a vehicle’s performance, its smartness, and safety features and their experience as well.
The automotive industry has been facing drastic changes occurring on several fronts and is in the midst of unprecedented change. With the use of technologies, there's the development of electric vehicles, connected car technologies, mobility services, and autonomous driving, and many more. There is even a change in the business model of automotive companies. They have switched from offline to online selling their products. E-Commerce is now the standard retail as it is the most used in all age groups. The desire for online purchasing power is increasing year after year in all respondent markets. In percentage terms, almost more than 72% of customers show a larger interest in online purchasing than choosing an offline platform. This ever-increasing interest shows the edge of a major change in the industry.
Emerging transportation models create new demands on product development, supply chain efficiency, sustainability, and local regulations. But they also present new ways to create value.
Knowledge, expertise, and unique capabilities
Digital insights, experience, and proprietary tools
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We convene knowledge, expertise, and unique capabilities to identify new opportunities across the value chain, and help you bring them to life. Giving a push to make the prediction come true by introducing some technologies to let them depart from the old traditional way of carrying out activities to live the digitalized way. By offering a platform IWCN helps in creating a digital face to create an image among the customers and withstand the competition. Through our products, you can innovate your businesses. Our digital insights, experience, and proprietary tools help you reshape your value chain to excel today and in the future.
Moreover, the automotive industry is among the largest needs a good management system as well to carry out activities efficiently and also to boost productivity.
Together, we can help you enter new sub-industries, reduce risk, digitize your supply chain and implement agile operating systems. All our products are made in such a way to help in business growth by providing them with technologies that help in smart working resulting in, efficient results.