With new players entering the supply chain as the vehicle becomes increasingly software orientated, the idea of a typical Tier 1 supplier is changing.
Most recently, this was highlighted by Continental’s acquisition of Elektrobit’s automotive-software business for US$680m – a move that signalled the growing importance of software companies for Tier 1s. Karthikeyan Natarajan, Senior Vice President and Global Head, Integrated Engineering Solutions, Tech Mahindra, recognises this trend.
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