STRATEGY ANALYTICS: Indian Automotive Electronics Market Reflects Burgeoning Indian Economy

BOSTON--The latest Strategy Analytics Automotive Electronics Service report, “India: A Growing Automobile Market and for Automotive Electronics,” demonstrates the strong growth of the Indian automobile market, as more players enter that market to take advantage of increasing domestic sales and better opportunities for export.

India will see a large increase in manufacturing capacity from a series of major investments by General Motors, Hyundai and Suzuki. The level of localized sourcing and new technology will enhance the market. Demand for better comfort and convenience from Indian consumers, as well as for more applications delivering better safety, will further increase domestic sales. Legislation has set new emissions standards requiring better engine management systems. As already seen in the semiconductor industry, India will see more research and development centers for automotive products for the future. Indian car makers will follow foreign players in exporting cars to markets overseas.

“With the growth of its automotive market, India rivals China as a fast growing economy,” says Kevin Mak, Industry Analyst of the Automotive Electronics Service. “As India becomes a global center for technological development, its component and semiconductor industries will grow further while remaining a low-cost supplier to mature markets.”

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Strategy Analytics, Inc. - a global research and consulting firm - provides timely insights and strategic business solutions to companies operating at the convergence of information, communications and entertainment technologies. With worldwide headquarters in Boston, MA, and principal offices in England, France and Germany, Strategy Analytics focuses on market opportunities and challenges in the areas of Automotive Electronics & Multimedia, Digital Consumer, Wireless Strategies and Enabling Technologies. For more information, see www.strategyanalytics.com