The American motorbike business is booming due to recent growth and diversification into the car industry. The media attention is causing the car industry to make changes and improvements to help it progress toward a better and more ecologically responsible future to combat air pollution (Basavaradder et al., 2018). The automotive industry intends to transform dramatically, with a new emphasis on creating eco-friendly automobiles worldwide.
It was not a hasty decision to broaden into the car industry, but our studies suggest there will soon be a sharp increase in demand from customers in this sector. The cars we provide to customers will be both cutting-edge and accessible in terms of pricing. A thorough examination of this topic has led us to conclude that there is a significant market need for the automotive industry to advance and develop (Xu & Zeng, 2020). There is no limit to what we plan to include in this new initiative to further increase our organization’s inventive capacities because the capabilities and technology that are presently accessible in the world are unequaled.
Even though our current product will be necessary for many years to come to be made by others, we must prepare to adapt to the future and begin to enter the industry of electric engines today. Manufacturing electric engines were made with everyone’s best interests in mind (Xu & Zeng, 2020). Our current product line will continue to generate revenue for the foreseeable future, but expanding into this new market is in the firm’s best interest as a whole.
The firm can continue relying on and accomplishing its goals via its products because of the rising need for high-quality, fuel-efficient, and environmentally friendly engines in the automotive sector. The quality of the product, as well as the state of the market, will play a significant role in determining the selling price (Eric et al., 2020). I have had much success creating reliability guarantees and fostering customer loyalty because of the cheap retail market pricing and the dependability of the engines. In addition to protecting people, the eco-friendliness of the engines will prevent damage to the natural world.
The demand for this innovative item is certain, as major automakers are getting ready to transition to all-electric automobiles. Several automakers have committed to producing only electric cars by 2030. One of the main advantages of this choice is that it improves the company’s overall health (Xu & Zeng, 2020). Moreover, with a robust and growing enterprise, we would pledge to serve our clients for many years to come, creating valuable employment opportunities for members of our community.
The report concludes that this diversification would benefit the motorcycle and vehicle businesses and their respective customers. Only mutual prosperity can arise from such a wide range of perspectives and experiences. Furthermore, the firm hopes to maintain its success via the quality of its products (Xu & Zeng, 2020). They will make certain modifications to accommodate this emerging market, but they will not affect their core business principles.
Although we want to maintain our exposure to the auto industry, we recognize the need to diversify in light of the shift toward trucks and SUVs and the explosive development in customer demand for electric vehicles. Electric vehicles and the further development of alternative fuels are reshaping the auto industry (Xu & Zeng, 2020). Once again, manufacturing of airplane engines will commence in the first quarter of 2023 at our warehouse in the Southeast region of the United States. We will have plenty of time to iron out the finer points of the manufacturing line and provide the new hires with the training they need. We thank our Consumers, loyal fans, and other stakeholders for their support. We anticipate their ongoing backing as we grow into the thriving business we were always meant to be.
References
Basavaradder, A., Pai K., D., & K N, C. (2018). Review on alternative propulsion in automotives -hybrid vehicles. International Journal of Engineering & Technology, 7(3), 1311. Web.
Eric, S., A Roberto, M., Thomas, G., Clinton, L., & Ryan, H. (2020). Critical business skills for success. Soomo Learning.
Xu, L., & Zeng, D. (2020). Gains or pains? Investigating effects of R&D collaboration intensity and technological diversification on new product development. Asian Journal of Technology Innovation, 1–20. Web.