Automotive Industry Drives New Investments in Components

NEW DELHI--April 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Auto components are the backbone of the ever-expanding global automobile industry and encompasses a wide array of parts that contribute to vehicle functionality, safety and performance. Driven by several factors, the industry is adapting to changing market dynamics and evolving consumer trends, while navigating high vehicle prices and lending challenges due to economic slowdowns.