Automobile Industry in India

FRA PROJECT Deliverable 1: diligence: motor railroad car (4-wheeler) labor Manufacturing industriousness has been contributing about 14-16% to gross municipal product of India and Automobile fabrication is a major contributor to the Manufacturing sector. The diligence has exhibited robust produce of 15-35% (in respective(a) segments of accessory and rider vehicles) in the lead 5 age and is a circular industry. It is overly a monopolistic industry reign by Maruti Suzuki, Tata motors, Hyundai and Mahindra and Mahindra in the passenger vehicles and Eicher, Ashok Leyland and Tata Motors in the commercial message vehicles industry. entree of foreign players has changed the dynamics of the industry. division to GDP 2006 5.20% 2010 7.20% 2016 (Estimated) 10.40% The Indian Automobile Industry produced 8.5 billion vehicles in 2004-05 amounting to most USD 25 billion. During the financial category 2005-06, Indian Automobile Industry produced more than 9.7 million vehicles amounting to nigh USD 28 billion. The growth in production was 15%. India is the s largest market for dickens wheelers in the world. However, in measure terms, the shelter of the market for passenger cars and CVs is high than the market sizing for two wheelers.

Sales of passenger cars military post 2000 have been impelled by increase in the go of available models, purchase power, particularly of the middle class, easy approachability of car finance, contributive disposal policies and growth of used car market. Further decrement in cost of ownership would provide demand for passenger vehicles. mercenary vehicles sales have braggy at a 4.4% CAGR everyplace the work decade and the segment has also demonstrate cyclical trends. Last year, however, growth was everyplace 10% in domestic sales and production. Exports have also picked up registering a growth of 36% over the last year. Growth in the commercial vehicle sector is unfree on the global economic trend, development of infrastructure projects, point economics and availability of...If you trust to get a secure essay, order it on our website: Orderessay

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