We dwell in the days where everyone owns a vehicle. At least all of us have a favourite vehicle. I find no gender bias in this, be it girls or boys all are fond of luxurious cars and stylish bikes. With this increasing interest towards automotives both as necessity and luxury is bringing up other needs for its maintenance once bought. People considering automotives as a major investment are keen to take care of it and be conscious about its performance and looks. This momentous growth in technological innovation and flaring interest in automotives has now paved path to a disruptive technology called autotech.

In specific, autotech is the disruptive technology that supports automotives in terms of fuel consumption, ride quality, safety and looks too.

With the rapid advancements in the areas of Information Technology, Business Process, Engineering Services and Transportation, and increasing interest towards automotives is making autotech to emerge as a whole new industry. On a wider perspective, the industry is holding interesting opportunities, as it is not only attracting the Gen-Z population but also gaining attention of entire sphere irrespective of age and gender. However, the tech surge is driving newer revenue models for autotech startups, turning safety and performance of vehicles into a billion dollar market.

The exigency has now birth to a plethora of scopes for high-quality service providers and is ensuring the talent availability & competitive technology skills. And, with growing times, the Indian autotechsectors have made the tremendous plunge from the traditional way to the latest modern path with the involvement of high-end technology work across industry verticals.

Today, companies are targeting global markets and are becoming formidable global competitors. In this context, the companies often require a variety of specialized services when developing a new product, process, or a service. This is where the role of autotechstart-ups comes into play. Right from concept development, design elements, prototyping, serving these startups are considered to take care of end-to-end solutions and services.

Moreover, the scope of the sector has expanded to include a broad range of new services and support functions. Adding more to it, as digitization has been the key source to create competitive advantage, world-class infrastructure and increased investments the advent of changing technologies such as Automation, AI, IoT can be expected to bring more growth to the sector and startups in the sector.

The buyers’ sentiment & love for their vehicles is one factor that is driving this sector. Several other factors including the overall growth slowdown, new emission norms, and the weakening consumer confidence have forced several original equipment manufacturers to surprisingly stand on a growth path.Auto-tech startups, which sell or rent old and new vehicles have seen their sales boom, and investors are queuing up to fund them.

Many of these are online car sellers and some offer a range of after-sales service from tech support to insurance On the whole, the industry took a fast pace over the last few decades, adding delight to the car lovers& triggering startups growth. From old basic vehicles to modern self-driving features, advanced technology has made a shift to next gen autotech mobility.

Introduction of AI and other tech in Autotech industry will significantly help in reducing accidents. Disruptive innovations will transform the commute. Petrol-fuelled cars will lose their existence while it will largely support electric vehicles.