💨 Abstract

The article discusses declining research and development (R&D) investments in the automotive sector due to uncertainties in technology, evolving customer preferences, and new regulations. Original equipment manufacturers (OEMs) are expected to taper off investments from elevated levels in Calendar Year 2024. The uncertainty has led to a freeze in R&D spending, with most automakers planning to reduce R&D investment in 2024.

Courtesy: theprint.in

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