THE AUTOMOTIVE industry is undergoing major disruptive trends. First is electrification – this space is witnessing major advancements from many OEMs; another is autonomous driving, which is expected to boom in future; and lastly, immersive environments related trends will pick up pace in the coming years.
At the recent 62nd ACMA Annual Session, Nitin Gadkari, Union Minister of Road, Transport and Highways, emphasised on research and innovation, he prodded the industry leaders to invest more in new technology, encourage and collaborate with startups, and adopt successful practices. Further emphasising upon the importance of EVs, Flex fuel vehicles and future mobility solutions, he asked the industry to work towards inclusive, greener and cleaner manufacturing practices.
He added, “LNG and green hydrogen are fuels of the future and the auto sector can take a leap into the next stage of transformation with new technologies like electric vehicles and alternative fuels such as LNG and ethanol. My idea is to transport hydrogen using vehicles powered by LNG and ethanol and we want to bring down the cost of hydrogen to US$1 per kg.”
Clearly, he was focusing much on the alternative fuel market and for the right reasons. Over the last decade, the automotive industry has transformed the fastest and the alternative fuel vehicles market has huge opportunities. According to the Verified Market Research, the Alternative Fuel Vehicles (AFV) market size is expected to reach US$ 1076.47 billion by 2028 from US$ 405.64 billion in 2020 globally, growing at a CAGR of 12.98 per cent from 2021 to 2028. Alternative fuels include fuels other than fuels used in IC engine vehicles (petrol and diesel).
Diese Geschichte stammt aus der October 08, 2022-Ausgabe von Businessworld India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der October 08, 2022-Ausgabe von Businessworld India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
'Committed to helping India achieve carbon neutrality'
R. Purushothaman on how Danfoss India, part of Danish MNC, is supporting the nation's carbon neutrality goals with innovative products
INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS
Anil K. Khandelwal is a transformational leader, who invites readers to rethink leadership as a journey rather than a destination. In The Gym of Leadership, he emphasises that helmsmanship is not a badge of authority but a commitment to creating a positive impact, says Srinath Sridharan
AN INDUSTR BENCHMAR
The MacBook Pro M4 doesn't just set the bar for laptops-it becomes the bar. With unmatched performance, breath-taking design and incredible endurance, Apple's latest offering redefines what a laptop can achieve, says Sahil Mohan Gupta
The drip of good health
IV therapy seems to be a popular procedure with people in pursuit of good health and glowing skin. We spoke to medical experts about aspects to keep in mind before walking into a wellness centre to get that drip.
"MACARONS FOR THE MASSES"
CHANDNI NATH ISRANI, the driving force behind Ladurée's India expansion, redefines luxury in the F&B sector. With four flourishing Ladurée outlets established since 2021, Israni is making iconic French pastries and delicacies accessible to the Indian market. BW Businessworld sits down with the visionary entrepreneur to discuss her journey in building the luxury brand and her strategy for democratising gourmet experiences
NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT
WHEN EVALUATING startup profitability, it’s crucial to break it down into two main components: unit economics and fixed costs. Unit economics refers to the profitability of delivering each singular order, which involves analysing transaction margins against costs incurred, such as delivery and payment gateway fees. This assessment helps gauge whether a business model is sustainable at a micro level.
THE HOLY GRAIL OF PROFITABILITY
Profitability for startups is elusive, often overshadowed by growth and investor expectations. Achieving profitability requires a delicate balance between revenue generation and cost management, with factors like market dynamics and competition playing significant roles
"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"
S.KRISHNAN, Secretary of the Ministry of Electronics and Information Technology, outlines India's ambitious plan to build a resilient and globally competitive semiconductor industry through the India Semiconductor Mission
Shaping the Future of Cyber Risk Management
With its mission to advance cyber risk quantification through the FAIR (Factor Analysis of Information Risk) model, the institute empowers businesses to align cybersecurity with broader objectives using structured, data-driven insights. Managing Director TODD TUCKER discusses how the institute’s methodologies and community-driven approach are reshaping industry standards worldwide, including growing interest in India and Asia Pacific
THE PILLAR OF A RESILIENT DIGITAL FUTURE
The rapid evolution of digital technologies has transformed the world, driving unprecedented connectivity and innovation. Yet, as the digital realm expands, so do vulnerabilities, with cyber threats emerging as critical challenges for businesses, governments and individuals
