Automotive Industry
The automotive industry refers to the sector of the economy that manufactures, designs, develops, markets, and sells motor vehicles. This industry encompasses a wide range of companies and organizations involved in the production of automobiles, including the creation of vehicle components, assembly plants, supply chains, and associated services such as maintenance and insurance. The automotive industry is a major contributor to global economic activity, employing millions of people worldwide. It includes various segments such as passenger vehicles, trucks, buses, and motorcycles, as well as the production of electric and hybrid vehicles. The industry is characterized by significant technological advancements, including automation and advancements in safety, performance, and environmental sustainability. The automotive industry also plays a critical role in shaping transportation infrastructure and urban planning.
