'Automotive Revolution in Progress'

Flying cars might not be ready yet, but the global automotive industry is on the verge of a technology revolution. Electrification and Intelligent Vehicles are two predominant aspects of this revolution. While we accelerate our journey toward electrification, the software industry is rapidly reprogramming the sector, ensuring an overwhelming user experience. In recent years, multiple disruptions have been happening in the automotive industry from autonomous vehicles to connectivity, Over-the-Air (OTA) software updates, electrification, and shared mobility (ACES). Everything heavily relies on cutting-edge software.

Over the past few years, India has come a long way in the electrification of the two & two-wheelers segment. It has been an excellent trajectory of progress. India has set a goal to achieve EV sales accounting for 30 percent of private cars, 70 percent of commercial vehicles, and 80 percent of two and three-wheelers by 2030. Given the country's electrification ambitions, those are good but insufficient. Experts in the industry assert that the key to being a front-runner in electrification is automotive companies focusing on four-wheelers, heavy vehicles, and public transport. More incentives in these areas by the government could go way a long way as well.

However, as manifested by Tesla, electrification needs to be followed by developing more connected, intelligent vehicles. It's a sure bet that further disruptions in the segment are ahead of us. Amidst this epoch of transformationthe industry stakeholders, including OEMs, suppliers, automotive software solutions providers, and new players, hope to bank on novel opportunities and capture critical control points in the software-driven value chain. The challenges in front of them, however are paramount.
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