Major Trends in the Indian Automotive Scenario
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Major Trends in the Indian Automotive Scenario
Quickly Transforming Customer Needs The Indian Automotive industry is subjected to rapidly evolving customer needs. The primary reason for this is the increase in the spending capacity of an average Indian. There are also several other factors that agitate the creation of a quickly evolving customer need environment within the Indian automotive industry, including increased awareness about products, heightened expectations and the demand for personalized products as well as services. Hence, it is important for the Indian automotive organisations to effectively understand and thus, cater to the evolving customer needs to succeed in the rapidly evolving automotive market. For doing so, automakers are bringing in opportune automotive consulting firms in India to form up an effective strategy to meet the stringent client requirements. +91 22 4002 0045 info@bmgindia.com www.bmgindia.com
Major Trends in the Indian Automotive Scenario
Increased Importance of Regulations Earlier, vehicle technology was primarily influenced by the needs and requirements of users. However, it is no longer the single biggest influencing factor for the Indian automotive industry anymore. Regulations based on safety standards, fuel use, environmental concern, etc now play an important role in shifting the direction of vehicle technology in India and around the globe. Several other industries, including energy and transportation, also influence the automotive industry to a little or more extent, depending on its relationship with the automotive industry. Hence, changing conditions in these markets also influence the direction of the vehicle technology in India. Lots and lots of automotive industry consulting services are emerging for assisting automobile maker to get all pieces of the puzzle right and succeed in the stiff market conditions. +91 22 4002 0045 info@bmgindia.com www.bmgindia.com
Major Trends in the Indian Automotive Scenario
The Role of Globalisation As a direct result of globalisation, automotive industries across the countries are merging and interacting like never before with one another. The role of top automotive consultant services has increased manifold owing to the fact. Not only global companies are setting their foot in the Indian market but Indian automakers are also setting up operations outside the country. This has resulted in an increased competition in the Indian automotive industry albeit benefitting the customers at the same time. Hence, it is important for Indian automotive firms to match global levels of quality to achieve success.
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