Benefits of ISO 26262 compliance

Risk of injury or death as a result of functional failures is reduced to a standardized residual risk level.
Customer satisfaction; meet important customer requirements!
Prevention of large-scale recalls.
Maintaining good image of product to be marketed.
Remain competitive in the future.
Prevention of liability claims:

addressed to Punch Powertrain.
addressed to individuals within Punch Powertrain (in case of gross negligence or fraud.

Functional safety = absence of unreasonable risk due to hazards caused by malfunctioning behavior