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Start-Ups Demonstrates Tremendous Potential To Transform Automotive Technology

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The past few decades have witnessed a significant evolution in the automotive industry in India making it one of the fastest growing markets of the world. Advancements in technology coupled with disruption, new product development and globalization are contributing to the growth of the industry. The automotive manufacturing industry too is riding the wave of innovation and naturally with the launch of new products and technologies, preferences of consumers are seeing a shift are also creating a shift. Automotive companies have well identified the key elements to survive in the current market and are leaving no stone unturned to develop new capabilities, adapt to changing customer needs and collaborate across the auto ecosystem.

While the auto industry is intensifying its existence across the world through innovation, more and more entrepreneurs are grabbing the gleaming opportunity and being the drivers of change. These start-ups come with an incredible potential of transforming automotive technology and aim at making automobiles safer, comfortable, eco-friendly, and well-connected. Industry reports indicates that many of these start-ups in the auto tech space are well-equipped to challenges the traditional ecosystem with their evolved business models, innovations like EVs and technologies like AI & ML. We can even expect them to come up with new strategies to develop solutions for connected car ecosystem and other domain-transforming ideas.

Our current edition features a list of “10 Best Auto-tech Startups”. The list includes innovative startups that are making it big in auto space. We also recommend you to read our cover story on Atomex E-Motors India, an electric bike company that offers technology for a superior, quicker and an unforgettable experience-oriented ride. With big giants developing game-changing products and services, it will be interesting to see how the emergence of new generation of companies disrupt the market.

Do let us know your thoughts!