Vehicle ownership in India over the years
Vehicle ownership (per 1000 people);
Source: CEIC data & Union AMC Internal Research
Automobiles are expected to see multiple changes in terms of architecture, features, and fuel dependence. This may drive good growth across many ancillary products & industries over the coming years.
Evolution Of Automobiles
Vehicle ownership in India
over the years
Vehicle ownership (per 1000 people);
Source: CEIC data & Union AMC Internal Research
Automobiles are expected to see multiple changes in terms of architecture, features, and fuel dependence. This may drive good growth across many ancillary products & industries over the coming years.
[ wire harnessing ]
Driver responsible for all driving
LEVEL 0
Driver responsible for driving & overseeing system
Lateral and/or longitudinal assistance
LEVEL 1/2
Driver supervises system
for take-over
Lateral and longitudinal automation
LEVEL 2+
Driver aware for take over
System responsible with driver fall-back
LEVEL 3
No driver interaction in ODD*
LEVEL 4/5
Source: Aptiv Investor Presentation Feb 2023; *Operational Design Domain (ODD)
Driver responsible for all driving
LEVEL 0
Driver responsible for driving & overseeing system
Lateral and/or longitudinal assistance
LEVEL 1/2
Driver supervises system for take-over
Lateral and longitudinal automation
LEVEL 2+
Driver aware for take over
System responsible with driver fall-back
LEVEL 3
No driver interaction in ODD*
LEVEL 4/5
Source: Aptiv Investor Presentation Feb 2023; *Operational Design Domain (ODD)
Factors driving growth
Rising share of Battery- operated vehicles
Demand for premium offerings: Infotainment systems, ADAS*, Increased use of electricals, Increased safety features, etc.
Rising income levels and environmental awareness inducing leap-frog change into these factors
Source: Union AMC Internal Research *Advanced Driver Assistance Systems (ADAS)
