New Delhi, April 12 -- Enhanced uncertainties in the technological space is leading to decline in research and development (R&D) investments, as original equipment manufacturer (OEMs) have indicated some taper-off in investments from elevated levels in Calendar Year 2024.

According to a report by Kotak Securities added in its obervation that automotive companies are currently dealing with several major changes--including shifts in technology, changing customer needs, and new government rules and regulations.

As per the report, because it's unclear how these changes will play out, many companies have put a pause on their R&D spending.

"Automotive clients are juggling technology transition, evolving customer preferences and realigning bu...