Editor's Note

Automotive as the Key Driver for Electronic Components Globally

The automobile industry is one of the most critical drivers of the economic growth of India and one with high participation in global value chains. The development of this sector has been on the back of strong government support, which has helped it carve a unique path among India's manufacturing sectors. The automobiles produced in the country uniquely cater to the demands of the population's low and middle-income groups, making this sector stand out among the other automobile-producing countries. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market has expected to reach $805.88 billion in 2026 at a CAGR of 10.4%. The...  >>More