Industry evolution is punctuated by endogenous or exogenous events that define how industry develops. Transformation as an industry license to operate took a multi-layered stage for the automotive sector:

  • The industry went through an era of ferment, where locally manufacturing OEMs were embracing their role and prerogative to industry transformation;
  • Then the industry convergence towards the new, with the development and implementation of the Automotive Industry Transformation Fund (AITF); and
  • The last stage of the process was creating a stable structure, which is the new normal for the automotive industry around transformation.

Understanding how different sources and patterns of transformation influence competitive heterogeneity is an important focus for a transformation strategy. Reflective of the efficiency of the strategies employed by the sector is evidenced below, with all locally manufacturing OEMs now fully meeting APDP2 requirements to be at Level 4 or better by December 2022.

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