CAR ELECTRONICS ACCESSORIES AND COMMUNICATION MARKET ANALYSIS
In September 2020, Continental AG announced an extension of its Transformation 2019-2029 structural program to incorporate further cost-reduction initiatives. This expanded plan is expected to achieve annual savings of up to USD 1 billion starting in 2023. Additionally, the strategy aims to decrease the workforce at Continental AG by 30,000 by 2029, including 13,000 job cuts in Germany.
In June 2022, Maruti Suzuki, India largest country passenger vehicle manufacturer, launched a new generation of its sub-4 m SUV the Maruti Suzuki Brezza with a 9-inch touchscreen infotainment system, called SMART PLAY PRO+
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