Companies in the market are investing more in their respective research and development departments. The major focal point is to develop functional, user-friendly, and ergonomic products to meet the demands of the users. For instance, in July 2023, BYD and FORVIA decided to strengthen their collaboration by building a new seat assembly facility in Thailand. In addition focusing on industrial presence in Thailand through its interior, electronics, and clean mobility businesses, FORVIA's entry into the Thai market for its seating activities represents a significant milestone.
Here's the list of some key players:
Author Credits: Radhika Pawar
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