Technology developments in the automotive sector are driven by consumer demands, regulations, and, more importantly, the vision of a safe and environment-friendly future mobility. Closer to home, India has a strong focus on clean mobility and has established clear goals for automotive electrification. Various policies have been put in place to encourage the move towards electric vehicles - both for OEMs, component manufacturers and consumers. This regulatory push has resulted in several critical changes in the market, requiring higher levels of innovations in both products and processes. While Research and Development (R&D) and the journey towards electrification continue, we also need to consider non-electric, environment-friendly solutions in the interim. The implementation of Bharat Stage VI (BSVI) norms is the first step in this direction.
Moving forward, the growth opportunity in the key regional market of the automotive industry will vary considerably. While in the past years, electric and hybrid vehicles have already gained some traction worldwide, they are gradually being promoted by the government and are reaching markets like India, Eastern Europe, and Asia-Pacific. Hybrid vehicles play a critical role in the transition from ICE engines to EVs and are fast gaining popularity in India.
48-Volt as a solution
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