The global market for Automotive Chassis is projected to reach US$66.7 billion by 2025, driven by stable production of passenger cars and commercial vehicles. In the passenger cars sector, the projected demand for electric vehicles (EVs) is acting as a key growth catalyst. Defined as the loadbearing framework of the vehicle, the chassis combines engine, power-transmission system, wheels, axles and suspension system in a single structurally independent frame. It represents the most fundamental mechanical system of the vehicle. A key trend in chassis design and production is the migration towards modular vehicle platforms wherein multiple vehicle models share the same undercarriage design and architecture. When a single chassis design is used to manufacture differently-styled vehicle bodies, it reduces cost and complexity of producing myriad vehicle models. Multiple lines of vehicle models can be designed using the same assembly line infrastructure. It allows larger numbe...