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India speeds ahead in road mishaps
While road traffic accident related injuries and death rates are highest in the African region and lowest in the European region, somewhere in-between is India.
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Buy Now!While road traffic accident related injuries and death rates are highest in the African region and lowest in the European region, somewhere in-between is India.
While domestic car models have successfully upped their game and were the second most sought after Japanese brands in 2022, they also overtook the Koreans in the same year.
While the global automotive passenger car industry was struggling in 2022, India’s markets were on the rise.
A strong bounce back in the demand for personal mobility and last-mile deliveries after the pandemic have helped India overtake Japan in car sales for the first time ever. India is now the third largest auto market in the world.
With an estimated sale of over 1.5 million units, SUVs are likely to account for 42% of India’s overall passenger vehicle market in CY2022, while the share of hatchbacks share is estimated at 35 percent.
With machine-to-machine communication becoming faster on a private 5G network within an enterprise, the latest connectivity technology is set to give a fillip to smart manufacturing.