2016 Automotive Industry Trends And Challenges

Some of the futurists are predicting that our youth shall be unprepared in science and math to compete successfully in the world economy by 2010 unless we make some drastic modifications to training now. Mr Nitin Gadkari, Minister of Road Transport, Highways & Shipping has introduced plans to set up a separate unbiased Department for Transport, comprising of consultants from the automobile sector to resolve points such as these associated to fuel expertise, motor physique specs and gasoline emissions, aside from exports.

Given that this future state assumes most drivers still prefer proudly owning their very own vehicles, people search the driverless performance for its safety and other potential advantages however continue to personal vehicles for most of the identical reasons they did earlier than the arrival of autonomous drive.

In this future state, as the fee per mile decreases, some come to view ridesharing as a more economical, convenient, and sustainable option to get around, significantly for short point-to-point actions (see under for our evaluation of the economics of mobility).

A current analysis from McKinsey on the future of international automotive trade suggests, that the global automotive industry is about to enter a period of broad-ranging and transformative change, as sales proceed to shift and environmental regulations tighten.

With so little change envisioned, this future state reinforces automakers’ reliance on a enterprise mannequin that emphasizes unit sales. The industries convey with them conflicting cultures, product development models, and enterprise operations. The Automobile Mission Plan (AMP) for the period 2006-2016, designed by the federal government is aimed toward accelerating and sustaining progress in this sector. Today, Toyoto are the world’s largest car firm according to latest market estimates.