Difficult times come with subtle opportunities, and all it depends on is how well we apply the learnings from these difficult times to convert them into opportunities. The year 2019 was a challenging one, but we also saw the best of mobility solutions. Whether it were connected cars or electric SUVs, 2019 saw a perceptible change in how the automotive industry was going to shape up in the coming years. The sector has always been at the forefront of research and development (R&D) and is probably living up to expectations, especially in the last decade.
Discerning millennials want more in terms of technology and value for money. Similarly, they are also aware of the surroundings and environment overall. And the automobile industry is duty-bound to appreciate what they want. In the days to come, green and smart mobility is going to define the whole sector as millennials believe in social brands that offer real value to society and people.
As far as the Indian automobile sector is concerned, it cannot be isolated from the world. Or for that matter, it cannot be isolated from the overall economy either. The cyclically muted demand in 2019 has been one of the challenges the automobile sector too faced, like the other sectors did. However, everyone is now cautiously optimistic for the new year as the last quarter has started to provide better signals.
While there are challenges, the Indian market gives leading companies a lot of opportunities too to innovate and implement new ideas to prepare for the future. As one of the most dynamic and fastgrowing markets, ‘shared’, ‘connected’ and ‘zeroemission mobility’ are the future of the Indian automobile industry. The government’s push for clean mobility is the right way to go.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
