Things that will Affect Car Industry in 2019
The advanced technology has literally transformed the automobile industry and changed the concept of ‘cars’. Gone are the days when cars were just four wheels driven by someone, modern cars are equipped with features like GPRS, cloud computing and many others.
It is predicted that the coming decade will bring many revolutionary things that may transform the automobile industry. Here are leading innovatory things that will affect the Indian car industry in 2019.
Safety First
All thanks to the Global New Car Assessment Program (GNCAP), the automobile companies are prioritising safety while designing cars. The Indian government is determined to lessen the incidences of road accidents by 2020. March 2019 will embark the incorporation of the AIS 145 (Automotive Industry Standards) Regulation that will mandate essential car-safety features such as, reverse sensors, speed warning buzzer and dual front airbags. Moreover, the demand for advanced features like Adaptive Cruise Control and Electronic Brake Distribution has also increased.
Hassle Free Gear Transition
Ever increasing traffic in India are the reason behind the development of automatic gear transmission in cars for comfortable driving. The sale of cars installed with gear-free technologies like DSG, CVT, TC, DCT and AMT have significantly increased in the last few years. As a result, many known players in the automobile market are introducing more machine with automatics installed in them.
Improving the experience
Car driving is not anymore about going to places, it has become about the comfort and luxury of a drive. With features like Auto Headlamps, push-button start systems and keyless entry become an average in 2018, Indians are asking for more amenities. The demands for features like a sunroof, climate control systems, ventilated seats, etc. are intensely increasing among Indians. The cars installed with features like 360 camera systems and LED lighting technology will highly influence the buyers.
Petrol over diesel
Induction of Bharat Stage-VI emission rules in the coming year will drastically affect the sale as well as the manufacture of cars as creators are curbing diesel cars production.
Usage Based Insurance (UBI)
Insurance policy for the car is inseparable from the car itself, thus any changes in either of them affect the next. Insurance companies are relying on the information derived from the IoT data provided by internet connectivity in modern cars. This data is enhancing the abilities of insurers in deciding premiums for car insurance. Just like people access the information related to car insurance online, UBI considers various factors like driving skills and safety habits of drivers and offer discounts in premium for a car insurance policy. Lastly, the technology will enable UBI to simplify claim filing and its cost with the help of features like advanced crash notifications and customised insurance products.
Thanks to the mercurial state of Indian automobile industry, advanced cars are running on Indian roads. With Sports Utility Vehicles (SUVs) becoming favourite of youngsters, it can be predicted that car industry will have fresh new face in coming decades.
