AUTOMOBILE INDUSTRY In INDIA
The Indian Automobile Industry is amongst the largest automobile markets in the world. It is up-and-coming as one of the fastest growing passenger car markets in the world. In recent days, the automobile industry in India is witnessing a flat and even negative growth rates. It is also the second largest two wheeler manufacturer country in the world. India is also the fifth largest commercial vehicle manufacturer.
The Indian automobile industry is becoming a budding hub for exporting sports utility vehicles (SUVs) to Europe, Southeast Asia and South Africa. Furthermore, hybrid and electronic vehicles are new expansion in the Indian automobile outlook. Nowadays, Indian manufacturers are focusing to develop new innovative products, technologies and resource chains.
The automobile plants in India are ranked among the best in the world in terms of quality and productivity. Following are the Indian automotive companies in India: Chinkara Motors, Force Motors, Hindustan Motors, International Cars & Motor Ltd, Mahindra, Premier Automobiles Limited, San Motors, Maruti Suzuki and Tata Motors.
Following are the foreign automotive companies in India: BMW India, Fiat India, Ford India, General Motors India, Chevrolet, Honda Cars India Limited, Hyundai Motor India, Mercedes-Benz India, Mitsubishi, Nissan Motor India, Renault The automobiles sector is compartmentalized in four different sectors which are as follows:
Two-wheelers which comprise of mopeds, scooters, motorcycles and electric two-wheelers
Passenger Vehicles which include passenger cars, utility vehicles and multi-purpose vehicles
Commercial Vehicles that are light and medium-heavy vehicles
Three Wheelers that are passenger carriers and goods carriers.
The automobile industry is one of the key drivers that boosts the economic growth of the country. Since the de-licensing of the sector in 1991 and the subsequent opening up of 100 percent FDI through automatic route, Indian automobile sector has come a long way. Today, almost every global auto major has set up facilities in the country.
Austria based motorcycle manufacturer KTM, the established makers of Harley Davidson from the US and Mahindra & Mahindra have set up manufacturing bases in India. Furthermore, according to internal projections by Mercedes Benz Cars, India is set to become Mercedes Benz’s fastest-growing market worldwide ahead of China, the US and Europe.
As per the data published by Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce, Government of India, the cumulative FDI inflows into the Indian automobile industry during April 2000 to October 2013 was noted to be US$ 9,079 million, which amounted to 4% of the total FDI inflows in terms of US $. The production of compact superbikes is also expected to take place in India. The country has a mass production base of 16 million two-wheelers and the several global as well as Indian bike makers are looking forward to use it as an advantage in order to roll out sports bikes in the 250 cc capacity.India, Toyota Kirloskar, Volkswagen, Audi India, Skoda Auto India and Volkswagen India.
The world standing for the Indian automobile sector, as per the Confederation of the Indian industry is as follows:
1.Largest three-wheeler market
2.Second largest two-wheeler market
3.Tenth largest passenger car market
4.Fourth largest tractor market
5.Fifth largest commercial vehicle market
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