Automotive industry dynamics poised to change as vehicles get smarter

“Technological trends such as autonomous driving, electrification, vehicle connectivity … are expected to change the dynamics of the auto industry,” Mittal said. “The partnerships between automakers, component suppliers, technology giants and startups are supposed to change how people drive cars and enable cars to drive people. There is no doubt that the automobile industry will see much innovation by automakers, startups and technology companies shortly.”