Vehicles

The Vehicles segment encompasses passenger cars, commercial vehicles, electric and hybrid vehicles and emerging mobility platforms and it constitutes a major segment of the global automobile industry. This segment is expected to witness steady growth across global markets driven by increased urbanization and the demand for mobility coupled with increasing pace of advancement in vehicle technologies. Global players are now more concentrated in the market on developing efficient vehicles, improved safety systems, connectivity and autonomous features, and green mobility solutions to meet the demand from customers and governmental regulations. The adoption of EVs and connected vehicles are drastically changing the competitive scenario across global markets.

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