Changing Dynamics of the Industry

Chapter
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Abstract

An overview of the global automotive industry and how it is inextricably linked with growth of economies is presented in this chapter. For several developed economies, the automobile industry has been a driver of economic growth, contributing significantly to GDP and to the exchequer. Nowadays, conventional engines are remarkably cleaner and more powerful than their counterparts from a few decades ago. Several important technologies are responsible for this paradigm shift in internal combustion engine technology from lowly carburetors to efficient fuel injectors to precise (gasoline) direct injectors, from heavy iron to lighter aluminum, from multivalve to enhanced variable valve timing, from overhead valve to improved overhead camshafts and finally the advancements in the embedded computer systems, engine controls units and onboard diagnostics to optimize overall performance. This chapter also throws light on the environmental challenges the industry poses, and its responsibilities in tackling these challenges.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Jindal Global Law SchoolO.P. Jindal Global UniversitySonipatIndia

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