Automotive Industry Development / Updates 2023

SUV Seats:

· FAURECIA, a FORVIA group subsidiary, introduced a novel strategy for creating modular and eco-friendly seats in January 2023. Instead of using a multitude of components, this new method involves a smaller number of modules that can be arranged in numerous configurations, effectively replacing approximately 120 components with only 10 modules.

· Knauf Industries produced lightweight seats utilizing over-molding technology in August 2020. The seats include a plastic seat frame and are secure, long-lasting, and comfortable for passengers.

Automotive Industry Updates - Market Value Insights 2023

Commercial Vehicle Telematics:

Commercial vehicle telematics has become an increasingly popular technology among manufacturers in recent years. Telematics refers to the integration of telecommunications and information processing, allowing data to be transmitted from commercial vehicles to a central system for analysis. This technology provides fleet managers with real-time information about the performance and condition of their vehicles, including fuel efficiency, maintenance needs, and driver behavior. By using telematics systems, fleet managers can optimize routes, improve fuel efficiency, reduce maintenance costs, and enhance driver safety. As a result, many commercial vehicle manufacturers are continuously focusing on developing and improving telematics solutions to meet the growing demand for this technology. The adoption of commercial vehicle telematics is expected to continue to rise as more businesses realize the benefits of this technology in improving their operations and increasing their bottom line.

Key players of the commercial vehicle telematics continuously focusing on new launch and development of products

· TomTom Telematics partnered with OBS Logistics, a specialist in transport management software, in May 2017 to create a new vehicle inspection solution for logistics and haulage operators. This solution aimed to provide accurate data for compliance records with the Driver and Vehicle Standards Agency (DVSA) and the Fleet Operator Recognition Scheme (FORS).

· Verizon Communications acquired Fleetmatics Group, a provider of fleet telematics solutions, for USD 2.4 billion in June 2016. This acquisition gave Verizon access to over 42,000 customers, 826,000 subscribers, 1200 professionals, and an extensive range of product offerings.

· In February 2017, Octo Telematics formed a strategic partnership with Guidewire Software Inc., a US-based provider of software for general insurers. Octo Telematics became a solution partner in Guidewire PartnerConnect, a global network of Guidewire products.

Get Details about the Commercial Vehicle Telematics

Car Care Products:

Several car care product brands collaborated with Tata Motors (India) in 2021 to provide car care services in its workshops.

Altro Group launched a new Fogger in February 2021 that is Royal Warranted and takes only 10 minutes to work. Its simple ‘one-shot’ operation helps mask unpleasant odors with a pleasant minty freshness.

Liqui Moly extended its collaboration with Italian motorcycle manufacturer Betamotor until 2021 in May 2019. Since 2014, all motorcycles produced at the Beta plant have had Liqui Moly oil in their engines. The partnership now includes additives, care products, service products, and other items specifically designed for motorcycles.

Get recent updates about the study: car care product

Reference:

Automotive Research Association of India

ACEA - European Automobile Manufacturers' Association

National automobile associations

Tractor and Mechanization Association (TMA)

Automobile Manufacturers Association

Get knowledge / Updates about other Industry

Aerospace & Defense:

https://www.marketvalueinsights.com/categories/aerospace-and-defense

Chemicals and Materials:

https://www.marketvalueinsights.com/categories/chemicals-and-materials