Success breeds success and this adage definitely epitomises the Czech Republic, which hosts one of the highest concentrations of automotive-related manufacturing and design exercise on the planet. As an example, German provider ZF Group, which paid US$12.4 billion in 2015 to amass TRW in an effort to develop into the electronic safety and connectivity market, took a 40 percent stake in automobile radar supplier Ibeo Automotive Methods in 2016.
Taken as a whole, innovation-associated challenges are reshaping traditional auto trade constructions and relationships — in particular, by threatening the prevailing distribution of earnings and the boundaries between OEMs and Tier One or Tier Two suppliers, as well as between automotive and tech firms.
Honda Motorcycle and Scooter India (HMSI) has inaugurated its 900th Honda Authorised Unique Dealership in India, thereby taking its complete dealership network to 4,800 throughout the country and additional plans to extend its community to 5,300 by finish of 2016-17.
Mr Masayoshi Son, Chief Executive Officer, SoftBank Group, has stated that Ola Cabs could introduce a fleet of 1 million electric vehicles in partnership with an electrical automobile maker and the Authorities of India, which could help cut back air pollution and thereby rework the electrical mobility sector in the nation.
New applied sciences reminiscent of 3D laminated glass, haptic sensors, and augmented reality heads-up shows — which provide drivers alerts, security aids, and warnings on invisible screens embedded within the windshield — have entered the vocabulary of traditional suppliers.