India Brand Equity Foundation

  A thorough study of automotive industry trends for 2021 shows that information-centric technology will play a critical role in the sector's future. At an unprecedented rate, the sector is incorporating new technology into its operations. Here are some of the new developments in the automobile sector. 1. Self-Driving Vehicles (AV)  Autonomous cars, often known as self-driving vehicles, are designed to eliminate the need for human drivers and seem set to revolutionize modern transportation. Fleets of AVs seek to broaden the scope of last-mile delivery, decrease downtime, and improve the safety of public transit. For instance, by lowering the number of accidents caused by driver tiredness or carelessness. AVs are equipped with sophisticated recognition technologies, such as artificial intelligence-enhanced computer vision, that enable them to detect impediments along the path.  2. Electricity  The depletion of fossil fuel sources and the environmental damage caused ...

  India is the world's third-largest oil market , and it is highly reliant on crude oil to power its ambitions and growth. Every year, India uses approximately 211.6 million tonnes of oil. India produces fewer than 35 million tonnes of this total. India lacks sufficient reserves, and new oil sources have not been discovered.  India obtains its oil from nations such as Iraq, Saudi Arabia, the United Arab Emirates, the United States, and Canada, among others. India imports approximately 85% of its oil, which is the primary cause of the country's high gasoline costs. India is reliant on imports, with OPEC+ - the organization of petroleum exporting nations - and Russia sharing part of the responsibility.  They have reduced supply, but demand is increasing. As a result, prices have risen. People in India are spending more than 100 rupees per liter on gasoline, and this increase in fuel costs affects every Indian family.  What alternatives does the government have?  I...