Globalization is prompting the entities operating in the sector to consolidate, upgrade technology, enhance product range, enter new markets and cut costs. Moreover, an emerging trend in partnerships and joint ventures between traditional automotive and technology companies is observed. With advanced technology and sustainability driving this sector, the legislative landscape has transformed to ensure accountability and higher levels of discernible value to customers.
All this has a bearing on a company’s policies, supply chain agreements, IPR protection strategies, financing programs, strategic alliances etc. To succeed in the face of greater competitive intensity and stricter regulatory environment, the entire ecosystem, comprising automotive manufacturers, their suppliers, dealers and service centers need to indulge in strategic planning, regular compliance monitoring and implementing protections.
We have assisted auto majors on corporate & commercial matters, tax, corporate governance, IPR, litigation etc. If you are looking to establish operations in India, we can also advise you on FDI regulations and help you obtain various statutory approvals.