Auto Inc Raises R&D Spending Amid Cost Cuts


Posted June 14, 2021 by diannamoran16

Automakers are stepping up investments in technology and future projects, even as they cut costs to weather the Covid-19 pandemic.

 
Automakers are stepping up investments in technology and future projects, even as they cut costs to weather the Covid-19 pandemic. Tata Technologies, KPIT, Capgemini have been bagging new projects even amid the virus outbreak, as automakers take a long-term view in a competitive environment. KPIT, Capgemini and Tata Technologies said the bulk of future investments in R&D globally will be related to EVs, autonomous vehicles and connected car technologies. In India, however, EVs attract the bulk of the investments, which have been growing despite cost cuts by automakers in other business areas. Investment in connected vehicles is also slowly taking off in India but spending on autonomous technology remains negligible except for some pilot projects, said Shamik Mishra Vice President, Capgemini Engineering, India, Capgemini.
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Issued By Dianna Moran
Country India
Categories Advertising , Automotive , Business
Tags automative automation , capgemini , capgemini india , capgemini invent , digital transformation
Last Updated June 14, 2021