Category: India Auto Industry

FDI in Indian Automobile Industry

The FDI or Foreign Direct Investment in Indian Automobile Industry has opened up new avenues for the development of this important sector of Indian industries. The liberalization of government policies regarding FDI in the automobile industry of India has increased the scope of this industry.

Initially, the automobile industry of India was ruled by national vehicle manufacturers like Premier Automobile and Hindustan Motors. The entrance of foreign automobile companies in the market was restricted by the imposition of high import tariffs and other policies and measures.

Indian Automobile Industry

The Indian Automobile Industry is on overdrive. The rapid urbanization, coupled with an overwhelming growth in the middle class population, has created an Indian market that is extremely conducive for the automobile industry to flourish. Indian automobile industry recorded a growth of 16.07% in 2006-2007.

Government Policies on Indian Automobile Industry

The Indian Automobile Industry plays a major role in the economic scenario of the country. The automobile sector in India, record sales of more than one million passenger cars per year. The percentage of automobile exports has risen significantly during the last few years. The government policies on Indian automobile industry have been framed in order to aid in the expansion of the automobiles sector in India.

Employment in India’s Automobile Sector

Employment in India’s Automobile Sector offers an insight into the growth of this significant industrial sector of the country. The expansion of domestic and export markets, the liberal policies of the government, the increase in foreign investment and the rise in production have opened up new avenues in the job sector of Indian automotive industry.

Top Players in Indian Automobile Industry

The top players in the Indian automobile industry have played a key role in the growth and development of the automobile industry in India. Companies like Bajaj Auto, Hindustan Motors and TVS Motors, with their ever expansive car dealing networks, promotional, convenient customer care services, have marked India among the leading automobile Industries.

Automobile Industry: An Overview

Challenges Before Indian Automobile Industry

Over the last few years the face of the Indian automobile industry has undergone a sea change. The growth of the industry has surpassed all previous records. However there are certain factors that stand as challenges before the Indian automobile industry.

India in Global Auto Sector

The recent changes and developments in the global auto sector have made its impact on the Indian market and manufacturers too. India in global auto sector has made its presence felt in the recent years with its potential. India offers scope for the manufacture of low cost vehicles with its highly skilled but inexpensive manufacturing base, labor intensive components and developing economy.

Concluding Remarks on Indian Automobile Industry

Termed as the “Sunrise Sector” by the Indian Prime Minister Manmohan Singh, the growth of the automobile sector in the coming years is something to look forward to. Within a decade, the automobile industry in India has witnessed tremendous change. Foreign brands have also made their presence felt in the automobile industry

Growth of Indian Automobile Industry

Growth of Indian Automobile Industry exhibits the rate of development of this prominent industrial sector of India and its contribution to the economy of the country. The expansion of the automotive industry of India has also attracted foreign investors to this sector.

The growth in the production, the domestic sales and the foreign markets together showcase the progress that the automobile industry of India has achieved during the last few years. The liberal policies of the Indian government has also enhanced the scope of this growth.

Size of Indian Automobile Industry

Since its inception in 1898, the Size of Indian Automobile Industry has grown over the years. One of the major contributors in the progress of Indian economy, the automotive industry of India also plays a major role in the development of the transport network of the country.

A wide range of vehicles are produced by the manufacturers of Indian Automobile Industry. These include two-wheelers like motorcycles, scooters and mopeds, three-wheelers, passenger cars, multi-utility vehicles, heavy, medium and light commercial vehicles.