Automobile

The term “automotive industry” refers to a large range of businesses and institutions engaged in the planning, creation, production, promotion, and sale of motor vehicles. According to revenue, it is among the most significant economic sectors worldwide.

The automotive industry is made up of a huge network of businesses that are involved in all facets of designing, manufacturing, and marketing automobiles, ranging from small start-ups to global enterprises. Vehicles, parts, and components must be designed and produced by automakers. The parts used in automobiles are designed and produced by providers of automotive parts.

Auto service companies offer services like leasing, insurance, and finance for vehicles. Other businesses in the automotive sector include software and technology providers, suppliers, and organisations that do automotive research and development.

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