The most talked about topic in automobile industry is the re-emergence of Electric Vehicles (EVs) as a means of mobility. When it comes to EVs, there are few things that separate India and the economies of the first world countries.
Industry 4.0 typically known as the Fourth Industrial Revolution (hence the 4.0) is an advanced amalgamation of innovative processes and developments that integrate new technologies and fit them in with the industry standards that manufacturing sector follows to serve the dynamically moving markets.
Developing long-term strategy for an organization requires establishing views about the future and charting out coordinated actions and implementation plan to achieve desired goals. We are all, in general, heavily influenced by conditions in the present and our belief systems predisposed with what we have seen or read about in the past; so while articulating our views about future, majority of us as forecasters extrapolate from the past.