Automotive Industry

The automotive industry refers to the sector of the economy that is involved in the design, development, manufacturing, marketing, and sale of motor vehicles. This industry encompasses a wide range of companies and organizations, including automobile manufacturers, suppliers of vehicle components, and companies providing various services related to automobiles. The automotive industry is crucial for economic growth, technological advancement, and employment, playing a significant role in global trade. It includes the production of passenger cars, trucks, buses, and motorcycles, as well as the associated infrastructure, such as dealerships and repair shops. The industry is characterized by rapid innovation, particularly with the rise of electric vehicles and autonomous driving technologies.