Automotive Industry

The automotive industry refers to the sector of the economy that designs, develops, manufactures, markets, and sells motor vehicles. This industry encompasses a wide range of companies and organizations involved in the production of vehicles such as cars, trucks, buses, and motorcycles, as well as their components and parts, including engines, transmissions, and tires. The automotive industry also includes businesses related to vehicle maintenance, repairs, and the sale of automotive accessories. It plays a crucial role in global economic activity, providing millions of jobs and contributing significantly to national economies. The industry is also undergoing transformation with advances in technology such as electric vehicles, autonomous driving, and smart mobility solutions.