Seizing the ER&D Advantage – Frontiers for 2030 – Automotive Sector Deep-Dive

The emergence of megatrends like digitization, sustainability and AI is driving developments in the Automotive Engineering Research & Development (ER&D) space at a particularly rapid pace. The Auto ER&D market is expected to grow with an expected CAGR of 8-9% and become a ~$500 bn market by 2030. With low development costs and high talent density India has positioned itself as a leader in the auto ER&D industry.

BCG and NASSCOM are conducting focused panel discussions to deep dive into specific Engineering R&D segments. This perspective deep-dives into the megatrends in the Auto ER&D segment globally and their implications in an Indian context. The Auto ER&D market is driven by 3 key trends namely Digital Vehicles, Climate & Sustainability and AI Augmentation. The roundtable on Auto ER&D highlighted key challenges such as rapid pace of innovation, talent gap etc. and how the industry is gearing up to solve them by creating an ecosystem of partners and upskilling employees. Particular attention was also paid to how India with Software Talent and Cost Competitiveness could become a leader in the Auto ER&D space.

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