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<br>The onset of electric vehicles, autonomous driving, connectivity, sustainability, mobility solutions, manufacturing innovations, and sales and distribution strategies are some of the areas of attention to monitor the development in the automotive sectors for OEMs. <br><br>To know more in detail, visit: https://intellinetsystem.blogspot.com/2023/11/what-are-key-factors-contributing-to.html<br>
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WHAT ARE THE KEY FACTORS CONTRIBUTING TO OEM GROWTH IN 2023? www.intellinetsystem.com
The growth of OEMs in 2023 depends on multiple factors like current developments, changes, and patterns in the automotive industry which have a substantial impact on vehicle design, production, marketing, and the vehicle’s usage. These trends are in turn dependent upon a combination of variables such as technical improvement, altering consumer tastes, regulatory changes, and global economic situations. As we all know the automobile sector is highly dynamic, and OEMs must monitor and comprehend these changes to stay competitive. This not just applies to OEMs but also, to suppliers and other stakeholders too. • Electric vehicles, autonomous driving, connectivity, sustainability, mobility solutions, manufacturing innovations, and sales and distribution strategies are some of the prevalent areas of attention for automotive industry developments. Following these trends, such as the increased usage of electric vehicles in China and India, aids in greater penetration in the emerging market.
As we have already seen how the OEMs are looking to grow in 2023, there are new technologies that many countries as well as companies are investing in. The need of the hour is sustainability and scalability which have caught the attention of many automotive manufacturers. We are also looking at various collaborations in terms of automotive and technology that are bringing in a new outlook towards automobiles. The integration of AI, including warranty management software, aftermarket sales support, and other advanced technologies, is shaping the bright and innovative future for OEMs despite challenges such as economic slowdowns and supply chain disruptions.
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