logo
India's opportunity to shine in the new auto tech era

India's opportunity to shine in the new auto tech era

Time of India14-05-2025
ETAuto commemorated India's Technology Day (11th May) with some exclusive stories which also showcase how India is progressing towards becoming a base for automotive tech of global scale. We bring them together for you in this week's edition of the ETAutoTech newsletter. Read about some key developments in the Autonomous Driving space also in this newsletter.
From Rocket Science to Road Tech
ISRO's innovations find new wheels
IN-SPACe is now facilitating the transfer of advanced ISRO technologies — including a fully indigenous 'Bharat ADAS' stack — to the automotive sector. This marks a significant step in India's quest for homegrown intelligent driving systems. By tapping into ISRO's expertise in imaging, sensors, and edge computing, the initiative aims to strengthen India's self-reliance in automotive safety and autonomous mobility technologies.
Watch the full conversation:
Watch now
AI is Reshaping Automotive Marketing
From predictive targeting to campaign optimization, AI is redefining how automakers engage with customers in India. A new era of personalized, data-driven marketing is here. By analyzing consumer behavior in real time, brands can now deliver hyper-targeted messages that drive both engagement and conversions.
Read the full article:
Learn more
Daimler Truck's In-House Software Strategy
Daimler Truck is doubling down on its Indian innovation hub to build in-house software that decouples hardware from code. This shift is at the heart of its strategy for modular, intelligent trucking. By developing software-defined vehicle capabilities internally, the company aims to accelerate innovation, reduce dependencies, and tailor solutions for global markets.
Read the story:
Explore the approach
Navigation Tech Firms Tap into EV and ADAS Growth
India's navigation and mapping companies are transforming into intelligence enablers for EVs and autonomous driving. HD maps, AR-based guidance, and real-time updates are becoming essential infrastructure. With rising demand for ADAS features and EV-specific routing, these technologies are evolving from simple tools to critical decision-making layers in modern vehicles.
Read the full story:
Read more
Robotaxis: Momentum and Setbacks
Amazon-backed Zoox is preparing for a larger US rollout by scaling up production of its autonomous vehicles, aiming to strengthen its position in the growing
robotaxi market
. Meanwhile, Tesla's attempt to trademark the word 'Robotaxi' has been blocked for being too generic, reflecting the increasing scrutiny around branding in the autonomous mobility space.
More on Zoox:
Read here
Tesla update:
Details here
NXP Unveils 3rd-Gen Radar Processors
NXP's latest imaging radar chips are purpose-built to support higher levels of autonomous driving. The technology enables better object detection and faster system response for next-gen ADAS features.
Read the tech update:
Explore the innovation
What This Means for the Industry
This month's stories reflect a clear trend:
Software is becoming the new engine of the auto industryStrategic collaborations are key to technological leadershipIndia is steadily positioning itself at the center of global auto-tech innovation
We'd love to hear your thoughts on this edition of the newsletter! Please share your feedback or suggestions with us so we can continue improving to meet your needs. You can email your comments to sumantra.barooah@timesinternet.in.
Thank you!
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sensex soars over 1,000 points, investors earn  ₹5 lakh crore within 5 mins; why is Indian stock market rising? EXPLAINED
Sensex soars over 1,000 points, investors earn  ₹5 lakh crore within 5 mins; why is Indian stock market rising? EXPLAINED

Mint

time10 minutes ago

  • Mint

Sensex soars over 1,000 points, investors earn ₹5 lakh crore within 5 mins; why is Indian stock market rising? EXPLAINED

Stock market today: The Indian stock market opened on a strong note on Monday, August 18, with investors cheering signs of easing global headwinds. Hopes of a possible end to the Russia-Ukraine conflict, indications from US President Donald Trump that he may reconsider secondary tariffs on India, and S&P's upgrade of India's credit rating together lifted sentiment and fueled risk appetite. The Sensex opened at 81,315.79 against its previous close of 80,597.66 and surged over 1,000 points, or 1.3 per cent, to an intraday high of 81,619.59. (This is a developing story. Please check back for fresh updates.)

Ayurveda, palaces, yoga: India's tourism market to add ₹5.1 lakh cr by 2028
Ayurveda, palaces, yoga: India's tourism market to add ₹5.1 lakh cr by 2028

Business Standard

time12 minutes ago

  • Business Standard

Ayurveda, palaces, yoga: India's tourism market to add ₹5.1 lakh cr by 2028

India's tourism and hospitality sector is set for a record expansion, with revenues projected to cross $59 billion (₹5.1 lakh crore) by 2028, according to a new report by Capitalmind PMS. The boom is being fuelled by rising disposable incomes, infrastructure upgrades, and a renewed surge in both domestic and international travel. Domestic tourism is emerging as the key driver, expected to double to 5.2 billion visits by 2030 from 2.5 billion in 2024, translating into a compound annual growth rate (CAGR) of 13.4%. Visitor spending is forecast to nearly triple to ₹33.95 trillion by 2034, per WTTC data. "Domestic tourism is on fire, expected to double to 5.2 billion visits by 2030 from 2.5 billion in 2024 (13.4% CAGR). Domestic visitor spending grew from Rs 12.74 trillion in 2019 to Rs 14.64 trillion in 2023 and is projected to hit Rs 33.95 trillion by 2034 (7.9% CAGR), per WTTC's Economic Impact Research, 2024. Improved connectivity—air, road, and rail—plus tourism infrastructure investments are supercharging this growth. Domestic air passenger traffic is set to more than double to 693 million by FY30 from 307 million in FY24," noted the report. Hospitality Landscape (Supply and Demand): Scarcity India's hospitality industry boasts 3.4 million keys as of March 31, 2024, but the organized sector (branded, aggregators, quality independents) is just 11% (375,000 keys). Branded hotels make up 45% of this (170,000 keys), with luxury hotels a mere 17% (29,000 keys across 230 hotels). The sector operates through owner, manager, and franchiser models, with owner-manager setups optimizing profitability and brand growth. The demand-supply gap, especially in luxury, is widening due to rising incomes, premium preferences, and limited inventory. Barriers like scarce land, high capital costs, and long gestation periods keep supply constrained, driving ARR growth and occupancy (60–70% in luxury). The luxury segment's Total Revenue per Available Room (TRevPAR) is 117% higher than upscale and 298% higher than midscale. Weddings, MICE, and F&B: The Party Never Stops Food and Beverage (F&B) is a cash cow for hotels, with luxury segment F&B revenue per occupied room 1.9 times the industry average in 2023. Weddings and MICE (Meetings, Incentives, Conferences, Exhibitions) are major growth drivers. The Confederation of All India Traders (CAIT) reported 3.8 million weddings between November 23 and December 15, 2023, generating Rs 4.74 lakh crore (26% YoY growth). India's 600 million-strong 18–35 age group, the world's largest millennial and GenZ cohort, drives this surge, fueled by rising incomes and changing consumption patterns. India hosts around 10 million weddings annually. The Indian wedding industry ranks second globally. According to a report published by the Economist, the wedding industry is the fourth-largest industry in India, recording a huge spending of US$ 130 billion per year. High Net Worth Individuals (HNWIs) are set to grow 107% to 1.65 million by FY27, and Ultra HNWIs (net worth ≥US$30 million) will rise 50.1% from 13,263 in 2023 to 19,908 in 2028, per Knight Frank's The Wealth Report 2023 & 2024. Destination weddings in Jaipur, Udaipur, Goa, and Delhi are booming, with buyouts and large-format weddings generating Rs 25–30 million (US$300,000–360,000) per event for luxury hotels. Hotel expenses account for 50% of destination wedding spend. Here are the key points from the report: Tourism & Travel Growth India's travel market to soar from US$75B in FY20 to US$125B by FY27. Domestic Tourist Visits (DTVs) jumped 45% YoY from 1.73B (2022) to 2.51B (2023). Top domestic destinations: Uttar Pradesh (478.5M visits) & Tamil Nadu (286M). Top foreign tourist states: Maharashtra (3.39M) & Gujarat (2.81M). Foreign Tourist Arrivals (FTAs) hit 18.9M in 2023, surpassing pre-COVID peak of 17.9M. Inbound tourism up 64% YoY in 2023, led by South Asia (29%), North America (22%), and Western Europe (20%). Foreign tourists skipping Europe for India's luxury wellness stays. Ayurveda resorts, palace stays, yoga retreats booked out. Luxury perception rising globally, positioning India as a value-for-money high-end destination. India's Economic Tailwinds GDP grew 7.4% in 2024, forecast at 7.1% in 2025 (IMF). India to become a US$6.8T economy by 2030 (up from US$3.6T in 2022–23). Per capita income: $2,711 (2024) → projected $4,469 by 2030. Urban population: 40% (~518M people) by 2036 vs 31% in 2011. Consumption economy: US$5T by 2031; incremental potential of US$3T between FY21–FY31. Aviation Expansion India = 3rd largest domestic aviation market, set to be 3rd largest overall by 2026 (IATA). Airports: 50 (2000) → 148 (2024) → 220 (2027 target). Flights up 78% in last decade; IndiGo dominates with 53% share. Still only 4.2% of global aviation market → massive growth potential. Hospitality Landscape 3.4M hotel keys in India; organized sector just 11% (375,000 keys). Luxury hotels = 17% (29,000 keys across 230 hotels). Demand-supply gap in luxury → pushing occupancy (60–70%) & room rates. Luxury TRevPAR = 117% higher than upscale, 298% higher than midscale. Weddings, MICE & F&B 10 million weddings annually; industry worth US$130B/year (world's 2nd largest). 3.8Million weddings in Dec 2023 alone generated ₹4.74 lakh crore (26% YoY growth). Destination weddings booming in Jaipur, Udaipur, Goa, Delhi. Luxury hotel buyouts generating ₹25–30 million ($300K–360K) per event. F&B revenue per room in luxury hotels = 1.9x industry average. Corporate Travel & Office Leasing Office leasing in 2024 hit record 89 MSF, up 19% YoY. Bengaluru (29%), Mumbai (20%), NCR (15%) led the pack. Global Capability Centers (GCCs) employed 1.9M in FY24, projected 2.2M by 2030. Corporate travel demand boosting business hotels & retreats. The office boom: India's office sector is buzzing, with 2024 gross leasing volume (GLV) hitting a record 89 million square feet (MSF) across eight cities, up 19% from 2023, per Cushman & Wakefield. Bengaluru led with 25.93 MSF (29%), followed by Mumbai (17.84 MSF, 20%) and Delhi-NCR (13.14 MSF, 15%). Net absorption reached 50 MSF, surpassing 2019's pre-COVID peak by 7 MSF. Global Capability Centers (GCCs) drove 27% of this growth, with 1,700 GCCs employing 1.9 million in FY24, projected to hit 2,100–2,200 by 2030 with export revenues of US$99–105 billion. This office boom fuels corporate travel, boosting demand for business hotels and business retreats, especially in tech hubs like Bengaluru and Hyderabad. India is still cheaper than Thailand, its closest peer in T&T, noted the report. Here are a few developments in the space of capacity addition: 220 New Airports by 2025: This ambitious plan enhances connectivity to remote and tier-2 destinations, cutting travel costs and boosting tourism-related businesses. It's a transformative move for accessibility. Mahindra Holidays' Rs 4,500 Crore Bet: MHRIL's US$541.6 million investment will double its room capacity to 10,000 in 3–4 years, targeting leisure travelers. It's a big win for domestic tourism, though narrower than religious or infrastructure initiatives. EasemyTrip's INR 1,000 Crore in Uttarakhand: This US$120.16 million investment for 4–5 marquee resorts strengthens Uttarakhand's spiritual and leisure tourism appeal, creating jobs and aligning with sustainable goals. Hotel Expansions: IHCL (85 hotels, 2,000–2,500 jobs in FY25), Lemon Tree (30 properties, 2,000+ rooms in 2024), Radisson (21 hotels in 2023), Oberoi, Accor, and ITC are expanding, catering to diverse segments and boosting capacity.

From HDFC Bank, SBI to ICICI Bank— These banking, financial stocks likely to be in focus today; here's why
From HDFC Bank, SBI to ICICI Bank— These banking, financial stocks likely to be in focus today; here's why

Mint

time12 minutes ago

  • Mint

From HDFC Bank, SBI to ICICI Bank— These banking, financial stocks likely to be in focus today; here's why

Due to upgrades from S&P Global Ratings, several banking and financial stocks, including HDFC Bank, SBI, and ICICI Bank, are likely to be in focus on Monday, August 18. S&P Global Ratings, on Friday, 15 August 2025, upgraded the long-term issuer credit ratings for seven Indian Banks and three financial institutions, one day after increasing India's sovereign credit rating, reported the news agency PTI. S&P Global upgraded the credit ratings of seven Indian banks: State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, and Indian Bank. Bajaj Finance, Tata Capital, and L&T Finance were the three finance companies which also received a credit rating upgrade on Friday. On Thursday, S&P Global Ratings also raised the credit ratings on ONGC, Power Grid, NTPC, and Tata Power to 'BBB' from 'BBB—'. The outlook is stable. Highlighting the Indian economy's resilience and sustained fiscal consolidation, S&P Global Ratings, last Thursday, raised India's long-term credit rating by a notch. It was India's first sovereign rating upgrade from S&P Global Ratings since 2007. Indian government debt, which has remained at S&P's lowest investment grade of 'BBB—' for 18 years, now stands at a higher level of 'BBB.' S&P expects India's GDP to grow at a 6.5 per cent rate in FY26 and foresees a continued momentum over the next three years. The rating agency believes that the impact of recently imposed US tariffs may be limited on India due to the country's large and resilient domestic consumption base. According to PIB, the rating agency suggested that a narrowing fiscal deficit and continued public investment could support further positive rating actions. In the recent past, Morning Star DBRS, another rating agency, has also upgraded India to 'BBB' status. The S&P upgrade highlights India's increased creditworthiness and the strength of the Indian economy. The upgrade may lower the government's borrowing costs, which could allow banks and NBFCs to borrow funds at cheaper rates. Lower interest rates could trigger strong demand for credit, enhancing banks' profitability. Strong economic momentum, due to increased demand, is also expected to augur well for the power and energy sectors. According to Madhavi Arora, Chief Economist at Emkay Global Financial Services, a rating upgrade to a higher investment-grade category of BBB can open the door for new pools of global funds' capital. "All of this will lower India's risk premia and consequently, lower cost of funding across macro agents' curves, including corporates —especially those borrowing abroad," said Arora. "Overall reduced cost of capital for the economy would help India finance its fiscal and CAD and could trigger positive externalities," she added. Experts say stocks such as ONGC, Power Grid, NTPC, Tata Power, SBI, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, and Indian Bank could stand as key beneficiaries. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store